A rocket lab stock jumps 8%while building a strong two -month share

A missile lab The stock increased by 8% on Monday, leaning on a strong run, which is fueled by space innovations.

The actions of the Space Infrastructure campaign have almost doubled the last two months after successful launch and agreement with the European Union has been heard.

Today, shares have increased by 63% a year, increasing almost six times in 2024.

Last month the missile lab announced partnership With the European Space Agency for launching satellites for the constellation by December.

The missile lab also announced the successful launch of its 66 -y. 67 –y and 68 -y Electronic missiles in June. The company successfully launched two rockets from the same site in 48 hours.

The missile laboratory is competing with a growing list of companies in a mature and increasingly competitive space industry. Some of the main competitors in the sector include Elon Musk‘s Space and Aerospace aerospace spacewhich submitted its avenue to the public on Friday.

“For Electron, our little missile, we have observed increased demand over the last couple of years, and we have not just run one spacecraft – it’s usually whole constellations for customers,” CNBC said last month, CEO Peter Beck.

He said the company produces a rocket every 15 days.

Beck, New Zealand, founded the company in 2006. Since its debut on Nasdaq in August 2021 Thanks to the association with the special purpose acquisition company, the market value of the Long Beach company, based in California, has reached up to more than $ 19 billion.

See: CEO Peter Beck Missile Lab: I don’t worry at night – this is the demand