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Mar 23, 2026 12:01 PM

What's Going On With Rocket Lab Stock Monday?

Rocket Lab Corp. (NASDAQ:RKLB) shares traded higher Monday, tracking broader market strength as the Nasdaq climbed 1.6%.

84th Electron Mission

Last week, the company successfully launched its 84th Electron mission, deploying Synspective’s eighth StriX satellite into a 573 km low Earth orbit from New Zealand.

The “Eight Days A Week” mission marks Rocket Lab’s eighth launch for the Japan-based company, with a 100% success rate for its satellites.

The partnership has been extended to include 19 additional launches through 2028, bringing the total to 27 missions.

Mega Deal For Hypersonic Launches

Rocket Lab recently secured a $190 million contract—its largest ever—for 20 hypersonic HASTE launches under the MACH-TB 2.0 program, led by Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS).

The four-year deal lifts its backlog above $2 billion and reinforces its growing role in hypersonic and national security missions.

Technical Analysis

The broader market is experiencing gains, with major indices like the ...