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Shares of Rocket Lab (NASDAQ:RKLB) rallied to a record high at Thursday’s open in reaction to the company’s selection to deploy satellites for the European Space Agency (ESA).
Rocket Lab (NASDAQ:RKLB) will launch two Pathfinder A spacecraft for ESA on its Electron rocket for contractors Thales Alenia Space and GMV. The satellites will be part of a future navigation constellation for Europe. The mission is scheduled for no earlier than December 2025.
The company also celebrated the successful launch of its 67th Electron rocket to deploy four satellites for geospatial analytics provider HawkEye 360.
The rocket was launched from the company’s Launch Complex 1 in Mahia, New Zealand at 5:28am NZT (1:28pm ET) Thursday. This was the 67th successful launch of the Electron rocket on a dedicated mission. The next launch is scheduled for Saturday, June 28, marking the company’s fastest turnaround from Launch Complex 1.
Rocket Lab (NASDAQ:RKLB) shares were heading into Thursday’s close with a gain of 12%.
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