Rocket Lab shares rose over 4% in pre-market trading on May 18.
The stock jumped nearly 11% at the market open before settling.
Investor interest spiked following news of competitor SpaceX’s potential initial public offering.
The company reported a record $2.2 billion backlog.
First-quarter revenue increased 63.5% year-over-year.
Recent milestones include the acquisition of Mynaric AG and selection for the Golden Dome for America initiative.