Why Rocket Lab Corp. (RKLB) Soared On Friday
Rocket Lab grew its share prices by 9.34 percent on Friday to finish at $28.92 apiece as investors loaded up portfolios ahead of its launch of a new mission on Tuesday.
Rocket Lab Corp. (NASDAQ:RKLB) is scheduled to launch The Mountain God Guards mission for the Institute for Q-shu Pioneers of Space, Inc. (iQPS), a Japan-based Earth imaging company, through 'Electron,' the world's most frequently launched orbital small rocket.
The mission will launch a single synthetic aperture radar imaging satellite called QPS-SAR-11 to a 575-kilometer circular Earth orbit, which will join the rest of the iQPS constellation in providing high-resolution images and Earth monitoring services globally.
A launch pad atop a grassy hill, smoke filled sky from a successful voyage to space.
The launch will take place at Rocket Lab Corporation's (NASDAQ:RKLB) Launch Complex 1 in New Zealand.
Rocket Lab Corporation (NASDAQ:RKLB) said that The Mountain God Guards will mark its 8th mission for this year alone, its 4th out of the 8 missions dedicated to iQPS, its 66th Electron launch overall, and the 227th satellite delivered to space.
Overall, RKLB ranks 9th on our list of Friday's best-performing stocks. While we acknowledge the potential of RKLB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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