Rocket Lab Gains 6.4% on Defense ETF Rally and Hypersonic Test Catalyst
Rocket Lab shares jumped 6.4% Wednesday, reversing a 16% one-month slide as aerospace and defense ETFs rallied 2% on rising US-Iran tensions. The company will conduct its fourth hypersonic test under the Cassowary Vex mission in late February and report a $0.09 per share loss on $178.07 million revenue.
1. Share Performance Rebounds
Rocket Lab shares rose 6.4% on Wednesday, reversing a 16% decline over the past month. The stock’s long-term performance remains strong, with a 170% gain over the past 12 months and proximity to its 52-week high.
2. Geopolitical and Sector Drivers
Aerospace and defense ETFs climbed 2% as US-Iran tensions escalated, lifting related equities. Rocket Lab benefited from this broader sector strength, highlighting its defense and space exposure.
3. Hypersonic Test and Earnings Preview
The company will execute its fourth hypersonic test using the HASTE vehicle under the Cassowary Vex mission in late February. Rocket Lab is scheduled to report on Feb. 26, with analysts forecasting a $0.09 per share loss on $178.07 million in revenue.