Rocket Lab Surges 34% Past $100 After Earnings, Hitting Record Highs
Updated
Updated · Barron's · May 11
Rocket Lab Surges 34% Past $100 After Earnings, Hitting Record Highs
12 articles · Updated · Barron's · May 11
$RKLB jumped 34% on Friday and topped $100 for the first time since its 2020 listing, extending a rally that has pushed the stock to all-time highs.
A well-received earnings reaction drove the move, which came on the stock's biggest daily volume in the past year and carried shares above a $93.20 double-bottom-with-handle pivot.
Rocket Lab has climbed in four of the past six weeks, including three double-digit weekly gains, and was trading around $110 on Monday; one technical target cited in the report is $133 by mid-2026.
Interest in Rocket Lab is rising as investors seek listed space stocks ahead of a potential SpaceX IPO, with AST SpaceMobile, Planet Labs and BlackSky also drawing attention across the sector.
Can Rocket Lab's new Neutron rocket break SpaceX's launch dominance in the satellite market?
Are soaring space stocks ignoring the unpriced risk of catastrophic orbital debris?
As billions flow into space tech, is a ‘tragedy of the commons’ unfolding in Earth’s orbit?