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Rocket Lab stock rises on strong Q1 results and new $90M Space Force satellite contract.

Market News
26 May 2026
Lekha Gupta
View Source
Bullish
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Rocket Lab's stock surged following strong Q1 2026 results, with revenue up 63.5% year-over-year to $200.3 million and a record backlog of $2.2 billion. The company also secured a $90 million contract from the U.S. Space Force to design and manufacture two geostationary satellites, marking its entry into this satellite market. This growth and contract have boosted investor confidence amid rising demand for space infrastructure. The stock is trading above key moving averages, indicating strong momentum but also signaling potential for pullbacks.

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