RKLB is trading at $75.03, up 3.74% as markets stabilize following Friday's sharp gains and the stock recovers from concerns surrounding a recent Neutron stage-1 tank rupture.
- Positive momentum is driven by the arrival of the Hungry Hippo fairing in Virginia and the successful completion of the 81st Electron mission in late January.
- Investor confidence is bolstered by a $1.1 billion backlog and analyst price targets ranging from $69 to $120.
- The stock is participating in broader tech sector strength as investors digest the implications of increased AI spending.