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Rocket Lab stock rises after major government satellite contract
Rocket Lab stock advanced after Stifel lifted its price target, citing a key U.
Shares of Rocket Lab climbed sharply after Stifel raised its price target to $85, reflecting confidence in the company’s contract to deliver up to 18 satellites under the U.S. Space Development Agency’s missile defense Tracking Layer program. The award, potentially worth up to $1 billion, doubles Rocket Lab’s existing backlog and positions the firm for expanded launch activity in 2026.