Rocket Lab shares rise as 97th Electron reaches pad after 96th mission

  • Rocket Lab placed its 97th Electron rocket on the launch pad for a Synspective mission.
  • 8:15 p.m. EDT Friday is the scheduled launch time from New Zealand's Pad B.
  • Rocket Lab completed Electron's 96th mission on Sept. 19, its 17th launch this year.

Rocket Lab shares advanced more than 1% in Monday premarket trading as Nasdaq and S&P 500 futures rose 0.94% and 0.65%, respectively. The company said its 97th Electron rocket is on the launch pad for the "Owlright Owlright Owlright" mission, scheduled for Friday at 8:15 p.m. EDT from Pad B at Rocket Lab Launch Complex 1 in New Zealand. The flight will carry a Synspective synthetic aperture radar satellite into a 559-kilometer low-Earth orbit, marking the fourth Electron launch in 25 days. Electron's 96th mission, completed Sept. 19, deployed Synspective's 12th StriX satellite into a 572-kilometer orbit and was Rocket Lab's 17th launch of the year. Rocket Lab has a 100% success rate as Synspective's sole launch provider since December 2020, although Synspective has booked two 2027 launches with Mitsubishi Heavy Industries' H3 rocket. Rocket Lab is also preparing Neutron, a reusable medium-lift vehicle, but must still complete integrated testing, a wet dress rehearsal and a first-stage static fire before flight. RKLB traded above its 20-day SMA of $64.98 but remained below its 50-day and 200-day averages, while Wall Street's Buy consensus carries an average price forecast of $110.14.

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Rocket Lab shares rise as 97th Electron reaches pad after 96th mission - CoinPost Terminal