Why Rocket Lab Stock Skyrocketed This Week
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Rocket Lab's stock surged 17.8% this week, driven by positive market conditions and company-specific news. The broader market rose due to a ceasefire between Israel and Iran and expectations of a dovish Federal Reserve. Rocket Lab secured a contract with the European Space Agency for two satellite launches and achieved milestones with its Electron rocket, completing its 67th and 68th launches. The company's market cap is approximately $16.3 billion, reflecting strong growth potential despite possible volatility.
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