Rocket Lab Stock Jumps Ahead Of Upcoming Electron Launch

Rocket Lab Corp (RKLB) shares rose 9.51% to $48.96 as investors anticipate the company's first dedicated launch for JAXA. The mission, "Raise and Shine," is set for Dec. 7, expanding Rocket Lab's government contracts. Analysts are bullish, with Needham and Bank of America setting price targets of $63 and $60, respectively. Despite competition from SpaceX, Rocket Lab holds 97% of the U.S. small launch payload market. The stock is trading 10.6% below its 50-day average but 29.9% above its 200-day average, indicating a long-term bullish trend.