$RKLB 20260402 72.0 CALL$ Rocket Lab’s stock soared last week due to a combination of high-value defense contracts and strategic expansion. The company secured a record $190 million deal for 20 hypersonic test flights and received German regulatory approval to acquire Mynaric AG, a move that integrates critical laser communication tech and establishes a European footprint. This momentum was further amplified by a successful dedicated mission for the European Space Agency and broader sector enthusiasm following reports of a massive valuation for its competitor, SpaceX.
Rocket Lab Surges 12% on Space Force Contract — Sector's Top Bull Run Play?
Rocket Lab soared 12.68% after announcing a new U.S. Space Force launch contract and disclosing that its Neutron rocket development is tracking ahead of schedule. The small-cap name's strong catalyst, combined with heavy short covering, triggered a classic short squeeze, with intraday turnover hitting a one-month high. After a similar spike last time, the stock pulled back over 7% the following session — once squeeze momentum fades, can order-driven fundamentals sustain a hold above $85?
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