2 Missions, 3 Launches, and Up to $300 Million for Rocket Lab
Yahoo Finance ·
Rocket Lab ( RKLB +0.43% ) is on a roll -- not that you could tell from the stock price. Shares of the tiny, U.S.- and New Zealand-based Space Exploration Technologies lookalike are down 32% so far this month. Last month, however, Rocket Lab got some great news from the folks down at NASA: two new contracts to launch sun- and Earth-science missions for the space agency. Plus, future contracts could help generate up to $300 million for Rocket Lab. The missions in question, announced June 25, are called PolSIR (Polarized Submillimeter Ice-cloud Radiometer) and TSIS-2, and both are due to launch next year (meaning revenue generated from the missions will fall within a single year).
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