Rocket Lab (RKLB) Climbs 10.2% Ahead of Mission Launches

Rocket Lab Corp. (NASDAQ:RKLB) is one of the 10 Stocks That Made Millionaires Today.

Rocket Lab rallied for a third straight day on Tuesday, jumping 10.21 percent to finish at $78.59 apiece, as investors loaded portfolios ahead of back-to-back launches over the next few days.

In separate social media posts, Rocket Lab Corp. (NASDAQ:RKLB) said that it would launch its 84th Electron mission, named “Eight Days A Week” by Friday, March 20, to be followed by its 85th called “Daughter of the Stars.”

Rocket Lab’s 85th Electron launch, Daughter of the Stars. Photo from Rocket Lab’s post on X

Eight Days A Week represents the 8th mission launch for Synspective’s StriX constellation, which aims to place a synthetic aperture radar satellite into low Earth orbit (LEO).

Meanwhile, it would launch no later than Tuesday, March 24, the Daughter of the Stars, its first mission for the European Space Agency (ESA), which aims to deploy two Pathfinder A satellites to test a new LEO satnav system.

“Integration and encapsulation is now complete, with ESA’s 2x satellites secured to Electron inside its nose cone and ready for launch,” Rocket Lab Corp. (NASDAQ:RKLB) said.

Both electrons are set to take off from Rocket Lab Corp.’s (NASDAQ:RKLB) Launch Complex 1 at Mahia Peninsula in New Zealand.

While we acknowledge the risk and potential of RKLB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RKLB and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. Follow Insider Monkey on Google News.