Rocket Lab (RKLB) Takes Off 25.3% on Rocket Developments

We recently published 10 Stocks Delivering Explosive 18-190% Gains. Rocket Lab Corp. (NASDAQ:RKLB) is one of the last week’s heavy gainers.

Rocket Lab jumped by 25.3 percent week-on-week, as investors loaded portfolios amid a series of rocket launches for the week, as well as the unveiling of its Neutron rocket called “Hungry Hippo.”

According to the company, it is scheduled to launch the “RAISE and Shine” Electron rocket at 4PM on Sunday, December 14 (NZDT) in support of its customer, Japan Aerospace Exploration Agency (JAXA).

The RAISE and Shine mission is the first of two launches for JAXA, which is intended to deploy the latter’s rapid innovative payload demonstration satellite-4 (RAISE-4) spacecraft, a single satellite that will demonstrate eight technologies developed by private companies, universities, and research institutions throughout Japan. The second launch for JAXA is scheduled to take place in the first quarter of 2026.

RAISE and Shine was originally slated to take off late in the week, but was rescheduled following strong ground winds at Rocket Lab Corp.’s (NASDAQ:RKLB) Launch Complex 1 in New Zealand.

Pixabay/Public Domain

Meanwhile, Rocket Lab Corp. (NASDAQ:RKLB) announced on Monday that it has completed the testing of its first Neutron rocket, Hungry Hippo, and has already sent it to its Launch Complex 3 at the Mid-Atlantic Regional Spaceport in Virginia.

Rocket Lab Corp. (NASDAQ:RKLB) began the development of Neutron in late 2021, with its first launch scheduled in 2026.

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Disclosure: None. This article is originally published at Insider Monkey.