Rocket Lab (RKLB) Stock Surges on $805M Space Force-Backed SDA Award as Launch Cadence Fuels Fresh Wall Street Debate
Rocket Lab shares surged 14% to around $68 intraday on Dec. 19 after winning a potential $805 million Space Development Agency contract to deliver and operate 18 missile warning satellites. The award is part of a $3.5 billion SDA initiative to expand the U.S. military’s low Earth orbit tracking constellation, with launches set for fiscal 2029.