RKLB is trading at $72.10 (+3.77%) following the announcement of a record $190 million contract for 20 hypersonic test flights under the U.S. Department of Warβs MACH-TB 2.0 program.
- The major deal pushes Rocket Lab's total backlog past the $2B milestone, sparking a live session rebound from yesterday's -11.59% drop.
- The stock is significantly outperforming the broader market, with the S&P 500 down -0.20% and the NASDAQ down -0.43%.
- Gains come despite general market pressure driven by surging oil prices and hawkish sentiment from the Federal Reserve.