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Wajeeh Khan

The $266 Million Reason Rocket Lab Stock Is Up Today

Rocket Lab RKLB US Space Force

Rocket Lab (RKLB) shares are inching higher on Wednesday morning after the commercial launch leader secured a major $266 million government contract. Under the announced agreement with the U.S. Space Force, the Nasdaq-listed firm will conduct 12 suborbital launches with options for six more through 2028.

The federal deal brings much-needed reprieve to Rocket Lab stock that has otherwise been under immense pressure in recent weeks, currently down more than 50% versus its May high.

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