Rocket Lab Corporation (NASDAQ:RKLB) stock climbed in Tuesday’s premarket session as investor enthusiasm around the space sector accelerated following renewed speculation about a potential SpaceX IPO.

The anticipated listing, reportedly valued at as much as $1.75 trillion and potentially raising up to $75 billion, has fueled broader optimism across publicly traded space companies.

Investors are increasingly viewing Rocket Lab as a key beneficiary of rising commercial and government demand for space infrastructure.

Revenue Growth And Space Force Contract Support Momentum

The rally also follows Rocket Lab’s strong first-quarter 2026 results earlier in the month. The company reported revenue of $200.3 million, up 63.5% year over year, while backlog reached a record $2.2 billion.

Last week, Rocket Lab secured a $90 million contract from the United States Space Force’s Space Systems Command to design and manufacture two geostationary satellites.

The award marks the company’s first move into geostationary satellite production ...