Rocket Lab stock price jumps nearly 6% as SpaceX-xAI $1.25 trillion merger lifts space shares
Rocket Lab shares rose 5.8% to $78.43 in afternoon trading Tuesday, lifting its market cap near $39.6 billion. The stock rebounded after a steep drop Monday and tracked gains in space stocks following Elon Musk’s announcement of a SpaceX-xAI merger. Investors await Rocket Lab’s earnings and a Neutron launch update on Feb. 26.