Can a $266 Million Defense Deal Help Rocket Lab Escape SpaceX’s Shadow?

Rocket Lab stock jumped Monday after the company announced a new business win. Shares of the so-called mini- SpaceX which has launch and satellite services like Elon Musk’s larger rocket company, were up 2% at $65.18 in early afternoon trading, while the and were down 0.3% and up 0.2%, respectively. The move came after Rocket Lab announced it was awarded a $266 million launch services contract with the U.S. Space Force for missile defense.