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Rocket Lab Stock Soars. A Potential U.S. Space Force Pact Is Big Business for Its Big Rocket. - Barron's

1. Rocket Lab selected to compete for $5.6 billion Space Force program. 2. Shares rose 6.5% to $19.61 following the announcement. 3. CEO emphasizes Neutron as key platform for U.S. missions. 4. Neutron's first launch expected later this year, enhancing launch capabilities. 5. Rocket Lab shares have risen nearly 350% over the past year.

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FAQ

Why Bullish?

The selection by U.S. Space Force enhances Rocket Lab's credibility and financial prospects, mirroring previous instances where similar contract awards led to significant stock price increases.

How important is it?

The contract signifies potential strong growth in Rocket Lab's operations, heightening investor interest and increasing overall market confidence.

Why Long Term?

Ongoing business with the U.S. Space Force could provide stable revenue streams, similar to other aerospace companies that secured government contracts.

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