Rocket Lab USA Inc.Rocket Lab achieved full mission success on a US Space Force contract, demonstrating demand for its services.
Rocket Lab announced full mission success on the US Space Force's VICTUS HAZE mission, a Tactically Responsive Space demonstration. The company designed, built, and launched a Pioneer spacecraft on its Electron rocket within 24 hours' notice, then commissioned it and conducted rendezvous and proximity operations to track and photograph a target satellite, all faster than Space Force deadlines. The launch occurred just 16 hours and 42 minutes after notice, a TacRS record, with commissioning finished in 38 hours and RPO operations wrapped in under 59 hours against an 84-hour deadline. Earlier, Bank of America Securities raised its price target to $115 from $105 and maintained a Buy rating, citing Rocket Lab's planned acquisition of Iridium Communications as a favorable entry into key commercial, government, and defense services markets.
Rocket Lab USA Inc.Rocket Lab achieved full mission success on a US Space Force contract, demonstrating demand for its services.
Iridium Communications IncRocket Lab's planned acquisition of Iridium is mentioned as favorable, implying positive impact on Iridium.
Bank of America Corp