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MarketBeat
MarketBeat
Ryan Hasson

Rocket Lab: Europe Comes Calling as Momentum Builds

Rocket Lab Europe Neutron ESA Electron RKLB Cantor Fitzgerald Earth MarketBeat

The positive news flow continues for aerospace and defense company Rocket Lab USA (NASDAQ: RKLB). Previously, it was a significant analyst boost when Cantor Fitzgerald increased its price target for the space company. And now, most recently, Rocket Lab just announced that the European Space Agency (ESA) chose it to launch a dedicated Electron mission for the first time, marking a key step in Europe’s future LEO-based navigation system.

The company will launch two satellites from its Launch Complex 1 by December 2025.

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