Rocket Lab Plans To Launch Mix Of NASA And Commercial Satellites
Portfolio Pulse from Nabaparna Bhattacharya
Rocket Lab USA, Inc. (NASDAQ:RKLB) is set to launch a mix of satellites for NASA and commercial satellite operators in a mission called 'Baby Come Back'. This will be Rocket Lab's seventh Electron launch of 2023 and its second recovery mission this year. The company will also release its Q2 financial results on August 8. RKLB shares are trading higher by 1.90% to $6.44 in the premarket session.
July 17, 2023 | 10:50 am
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Rocket Lab's upcoming satellite launch and Q2 financial results announcement could influence its stock price.
The news of Rocket Lab's upcoming satellite launch for NASA and commercial operators, along with the anticipation of its Q2 financial results, could generate investor interest and potentially drive the stock price up. The premarket trading already shows a 1.90% increase in the stock price.
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