Rocket Lab Shares Surge on NASA Solar Sail Launch Contract
A rendering of NASA’s Advanced Composite Solar Sail System, which will be launched by Rocket Lab's Electron launch vehicle.
Source: Business Wire
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Shares of Rocket Lab USA Inc. surged as much as 25% in late trading Wednesday after the company said it won a contract to launch a NASA technology demonstration next year.
NASA will send its Advanced Composite Solar Sail System, known as ACS3, to orbit in mid-2022 aboard Rocket Lab’s Electron vehicle as part of a mission with other small satellites for other customers.