Rocket Lab stock jumps nearly 11%, building on strong rally

An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023. Rocket Lab stock soared nearly 11% Monday, building on a strong run fueled by space innovation. Shares of the space infrastructure company have nearly doubled over the past two months following a slew of successful launches and a deal with the European Union. The stock is up 63% year to date after surging nearly sixfold in 2024. Shares have skyrocketed nearly 70% over the last month. Last month, Rocket Lab announced a partnership with the European Space Agency to launch satellites for constellation navigation before December. Rocket Lab also announced the successful launch of its 66th, 67th and 68th Electron rockets in June. The company successfully deployed two rockets from the same site in 48 hours.