By Denny Jacob
Rocket Lab USA shares rose 16% in premarket trading after disclosing two successful satellite launches in less than 24 hours.
Shares were trading around $27. On the year, the stock is up 321%.
The launch services and space systems company said it deployed five satellites for internet-of-things constellation operator Kinéis. The launch took place after Rocket Lab completed a successful mission in Virginia.
"Two successful launches less than 24 hours apart from pads in different hemispheres. That's unprecedented capability in the small launch market and one we're immensely proud to deliver at Rocket Lab," said Chief Executive Peter Beck.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
November 25, 2024 06:31 ET (11:31 GMT)
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