RKLB is trading 5% up at $131.03 as shares surge on a record-breaking backlog and positive sentiment surrounding the commercial space sector.
- Rocket Lab recently reported a record $2.2 billion backlog, significantly bolstering investor confidence in its long-term growth trajectory.
- Renewed enthusiasm for space stocks is being driven by news of a potential SpaceX IPO, providing a tailwind for the broader industry.
- The sharp intraday jump reflects strong relative strength for the stock despite a mixed performance in the broader market.