Rocket Lab USA, Inc. (RKLB) scheduled two Electron rocket missions. The suborbital "Bubbles" mission for the Hypersonic Accelerator Suborbital Test Electron (HASTE) program launches on April 21. This mission supports the U.S. Department of Defense.
The company confirmed payload integration is complete for the "Kakushin Rising" mission for the Japan Aerospace Exploration Agency (JAXA). This mission will deploy eight satellites. Rocket Lab scheduled the launch for no earlier than April 23.
Stifel raised its price target for Rocket Lab to $105. This revision increases the target from $90. The firm maintained its Buy rating on the stock. Shares rose in premarket trading on April 21. The stock currently aims for its fifth consecutive day of gains.