🟢 RKLB is trading 2.6% up today after Baillie Gifford boosts stake by 47%

RKLB is trading at $71.06 (+2.55%) after Baillie Gifford significantly increased its position in the company following recent launch contract wins.

• Baillie Gifford boosted its stake by 47% to 17.85 million shares, a position now valued at approximately $1.245 billion.
• The stock is currently outperforming the Nasdaq, which has seen a mild 0.44% gain in a mixed market session with active volume.
• The institutional accumulation follows a series of new launch contracts that have served as a primary catalyst for the stock [Hero News ID: 69dceaac71ea9737a36ece2b].