Here’s Why Rocket Lab USA Stock (NASDAQ:RKLB) is Up Today
September 02 2022 - 11:49AM
TipRanks
Rocket Lab USA (NASDAQ:RKLB) is up today after a successful test
that proves one of the company's main underlying investment thesis
about reusable rocket engines. Back in May, the company launched
one of its own Rutherford engines in a successful test. Following
that launch, the company recovered and refurbished the engine.
After a few months of work, the company then test-fired the reused
rocket engine successfully. Thus, the company demonstrated that the
whole concept works and quite well. The move now advances the
notion that Rocket Lab's Electron vehicle can indeed be the first
ever reusable small rocket for orbital functions.
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Rocket Lab USA (NASDAQ:RKLB)
Historical Stock Chart
From Dec 2022 to Jan 2023
Rocket Lab USA (NASDAQ:RKLB)
Historical Stock Chart
From Jan 2022 to Jan 2023