Rocket Lab USA is trading 4.4% up at $77.79 in pre-market sessions as the stock continues to benefit from recent large U.S. Space Force launch contracts and strong defense/space sector sentiment.
- The broader industrials sector is rallying on robust U.S. manufacturing data, which is supporting a risk-on appetite for space and aerospace names.
- Easing geopolitical risks have further bolstered investor confidence in the sector.
- The combination of significant contract wins and general sector strength explains the latest upward movement in the share price.