Rocket Lab USA Inc. (NASDAQ: RKLB) stock is up more than 40% the day after reporting a record number of launches for its Electron rockets in the prior quarter. The Electron rocket provides launch services that allows commercial and government customers to deploy satellites and other payloads into space.
For the quarter ending October 31, 2024, the company conducted 12 launches, which helped fuel its total revenue of $104.8 million, which beat analysts’ expectations of $102.7 million.
