Rocket Lab USA (NASDAQ: RKLB) delivered a strong third quarter, and the market wasted no time responding. Shares climbed in after-hours trading after the company posted record revenue, showing that demand in both Electron launch services and Space Systems remains firmly in place. The results arrived at a critical point for the aerospace stock, as RKLB was down 30% from recent highs, weighed by broad market weakness and widespread negative sentiment in high-growth names and sectors. Q3 results addressed many of these concerns, and sentiment seems to have shifted.
