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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