Rocket Lab Shares Soar to Record High on $816M Pentagon Contract
Rocket Lab USA's stock surged 6% to an all-time high of $91.80 following its largest-ever contract award from the U.S. Space Development Agency. The $816 million deal doubles the company's backlog and cements its position as a leading commercial alternative to SpaceX.
Satellite stocks rallied broadly amid heightened geopolitical tensions, with peers like Planet Labs and EchoStar posting similar gains. Cantor Fitzgerald maintained its Buy rating, citing Rocket Lab's flawless execution and the impending Neutron launch in 2026 as key catalysts.
Insider selling totaling $262 million over the past quarter—including a significant CFO transaction—failed to dampen investor enthusiasm. The company's record Q3 performance and strategic government contracts demonstrate growing institutional confidence in space infrastructure plays.