On July 27, Rocket Lab USA, Inc. rose 5.32% in regular trading, trading at $66.95/share, with turnover of $224 million.
On the news front, Rocket Lab announced it has secured a $266 million multi-launch contract from the US Space Force Space Systems Command's Rocket Systems Launch Program — the largest launch contract in company history. The contract covers 12 HASTE suborbital launch missions with options for up to six additional launches, supporting US missile defense and other critical national security missions. The first launch is expected no earlier than end of this year, primarily from the company's Pacific Spaceport Complex-Alaska in Kodiak.
Additionally, market sentiment continues to be supported by the company's $80 billion acquisition of Iridium Communications, which integrates global L-band satellite networks and spectrum resources with Rocket Lab's existing launch and satellite manufacturing capabilities. Morgan Stanley maintains an Overweight rating with a bull-case target of $293, while average analyst target price stands at $119.07, significantly above the current trading level.
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