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May 8, 2026 8:01 AM

Why Is Rocket Lab Stock Soaring Friday?

Rocket Lab Corporation (NASDAQ:RKLB) shares are up during Friday’s premarket session. The company delivered stronger-than-expected first-quarter revenue, issued upbeat guidance, and unveiled a series of major commercial and defense wins, including its largest launch contract to date.

Rocket Lab Lands Record Launch Deal

On Thursday, Rocket Lab announced its largest launch contract to date, securing a confidential multi-launch deal for five Neutron and three Electron missions scheduled between 2026 and 2029.

The agreement lifts Rocket Lab’s total launch backlog above $2.2 billion and more than 70 missions, highlighting strong demand for launch capacity even before Neutron’s inaugural flight.

Rocket Lab founder and CEO Peter Beck said the deal reflects growing demand from commercial and government customers for reliable access to space.

Defense Momentum Builds With Anduril, Raytheon Deals

Rocket Lab also secured a $30 million contract from Anduril Industries for three HASTE hypersonic test launches, strengthening its position in ...