Why Rocket Lab Stock Took Off Today

Rocket Lab USA (NASDAQ: RKLB) second-quarter results came in well ahead of expectations, and the company raised its outlook for the current quarter. Rocket Lab is one of the number of space stocks that have hit the market in recent years, attempting to disrupt what has historically been a very small industry. Rocket Lab is focused on the small-satellite launch market and has been attempting to develop into a one-stop shop that can build satellites for customers and then launch them.