Ten companies soared higher on Thursday, clocking in hefty double-digit gains, over key economic and company-specific developments that sparked investing appetite.
The shares mirrored the rally on Wall Street. The Nasdaq surged by 0.97 percent, the S&P 500 increased by 0.84 percent, while the Dow Jones rallied by 0.94 percent.
Meanwhile, our list of 10 best performers falls under the air taxi, clean energy, space exploration, and AI industries.
To compile the list, we focused exclusively on stocks with a $2 billion market capitalization and 5 million shares in trading volume.
10. Joby Aviation, Inc. (NYSE:JOBY)
Joby Aviation, Inc. (NYSE:JOBY) jumped by 11.27 percent on Thursday to close at $9.48 apiece following comments from the Federal Aviation Administration (FAA), which indicated that adoption of the air taxi industry is now in full gear.
In an uploaded video on X, FAA Administrator Chris Rocheleau said that the agency “is pushing forward to safely enable exciting new technologies that are reshaping how we fly.”
“Advanced air mobility vehicles, such as electric vertical takeoff and landing or eVTOLs, will soon be used to move people and cargo in places not easily served by surface transportation or existing aviation,” he underscored, adding that the FAA is collaborating across government and industry to build regulatory frameworks for the integration of the new technologies into the national airspace.
”Together, we are building a future where air mobility is not just a concept, but a cornerstone of American innovation,” he added.
The initiative forms part of, and supports, President Donald Trump’s executive order, which aims to accelerate domestic drone production in the US.
The positive announcement spilled over to US-based eVTOL companies Joby Aviation, Inc. (NYSE:JOBY) and Archer Aviation Inc. (NYSE:ACHR).
9. Rocket Lab Corporation (NASDAQ:RKLB)
Rocket Lab jumped by 11.72 percent on Thursday to finish at $36.14 apiece following the successful launch of its latest mission, while hinting at another launch over the weekend.
In a statement, Rocket Lab Corporation (NASDAQ:RKLB) said it successfully launched its 67th Electron rocket, called “Get the Hawk Outta Here,” on a dedicated launch for radio frequency geospatial analytics provider HawkEye 360. The mission deployed four satellites to a 520-km circular low Earth orbit: a trio of microsatellites called Cluster 12 to collect and geolocate radio frequency signals from around the world, along with Kestrel-0A, an experimental satellite designed to evaluate emerging capabilities and future technology enhancements.
This coming Saturday, June 28th (New Zealand time), Rocket Lab Corporation (NASDAQ:RKLB) is expected to launch its 68th Electron rocket, called the Symphony in the Stars.
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