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Rocket Lab Corporation (RKLB) has come a long way since its early days. Founded by Peter Beck in 2006, the company built its reputation launching small rockets from New Zealand and has since expanded into the United States defense and government market through high-value contracts and space systems work.
On Wednesday, July 22, Rocket Lab’s shares edged higher in intraday trading, putting the stock on track for a second straight day of gains. The move followed the company's announcement that it had secured a $266 million firm-fixed-price contract from the U.S. Air Force to conduct 12 suborbital launches using its Electron rocket, with options for six additional missions.
