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Why Rocket Lab (RKLB) Stock Jumping on Monday
Rocket Lab Corporation (NASDAQ:RKLB) jumped about 8% on Monday after investors cheered on capping a record year with its 21st Electron rocket launch, sending the QPS-SAR-15 satellite for Japan's iQPS into orbit.
The mission, named The Wisdom God Guides, lifted off from New Zealand, marking Rocket Lab's 79th Electron flight overall. Every 2025 launch hit its target, setting a new annual record and cementing Electron as the globe's busiest small-lift orbital rocket.
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QPS-SAR-15 expands iQPS' synthetic aperture radar constellation, delivering near-real-time Earth imagery across multiple orbits. Rocket Lab has now launched seven satellites for iQPS since 2023, with five more missions lined up in 2026.
U.S. Space Force awards $1.6 billion in contracts to South Bay satellite builders
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The U.S. Space Force announced Friday it has awarded satellite contracts with a combined value of about $1.6 billion to Rocket Lab in Long Beach and to the Redondo Beach Space Park campus of Northrop Grumman.
The contracts by the Space Development Agency will fund the construction by each company of 18 satellites for a network in development that will provide warning of advanced threats such as hypersonic missiles.
Northrop Grumman has been awarded contracts for prior phases of the Proliferated Warfighter Space Architecture, a planned network of missile defense and communications satellites in low Earth orbit.
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