Rocket Lab Corporation (NASDAQ:RKLB) is one of the Best Space Technology Stocks to Buy Now.
Recently, on July 7, Rocket Lab Corporation (NASDAQ:RKLB) announced full mission success on the US Space Force’s VICTUS HAZE mission, which is a Tactically Responsive Space demonstration
Management noted that they were able to design, build, and launch a Pioneer spacecraft on Electron within 24 hours’ notice. Later, the team commissioned it and conducted rendezvous and proximity operations to track and photograph a target satellite. All of this was done faster than Space Force’s deadlines.
Notably, the launch occurred just 16 hours and 42 minutes after notice, marking a TacRS record. Moreover, commissioning finished in 38 hours, and RPO operations wrapped in under 59 hours compared to the 84-hour deadline. That said, earlier on June 30, Bank of America Securities raised the price target from $105 to $115, while maintaining a Buy rating on the shares.