Rocket Lab shares rose more than 9% on Friday amid heavy options activity. Call options volume surpassed put options during the session. High implied volatility suggests investors anticipate a significant price move following the upcoming earnings report.
The company recently secured a record contract with the U.S. Space Development Agency (SDA) for missile defense satellites. This development followed news that Congress declined funding for NASA’s multi-billion dollar Mars Sample Return mission. Rocket Lab was actively pursuing the NASA contract prior to the funding cut.
Market focus now shifts to the company’s scheduled earnings release. Investors are seeking updates on the firm's financial health and future project roadmap.