Rocket Lab delivered first-quarter revenue and earnings in line with consensus estimates, sustaining healthy margins and meeting all guidance metrics. This financial win underscores growing demand for its launch services as it builds toward record annual revenue.

The company secured a $30 million award to conduct three HASTE hypersonic test launches and booked its largest-ever launch contract with a confidential customer, expanding its order backlog. These deals strengthen Rocket Lab’s position in defense and commercial hypersonic markets.

Shares jumped 18.8%, breaking through the $90 resistance and approaching the January record high of $99.58, supported by a 20-day moving average. Stifel raised its price target to $110 from $105, while short interest climbed 47% and options volume surged sevenfold, highlighting bullish investor sentiment.