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Benzinga
Benzinga
Business
Adam Eckert

Rocket Lab Stock Is Rising: What's Fueling The Move?

Rocket LabELaNa19-liftoff-Photo-credit-Trevor-Mahlmann

Rocket Lab Corp (NASDAQ:RKLB) shares are trading higher on Monday. The company announced expanded U.S. investments and successfully completed its 70th Electron Mission over the weekend.

What Happened: Late Friday, Rocket Lab said it planned to boost its investments in the U.S. to expand semiconductor manufacturing capacity and bolster the supply chain for space-grade solar cells and electro-optical sensors for national security space missions.

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