Rocket Lab launches 7 satellites in the space industry

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Rocket Lab launches 7 satellites in the space industry

Rocket Lab USA, Inc. RKLB shares have seen more ups and downs over the past few days. The launch of seven satellites was successful, with Rocket Lab being able to launch more than a dozen.

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The company successfully launched seven satellites for NASA, Space Flight Lab and Spire Global from its Launch Complex 1 in New Zealand. In addition to deploying the satellites to orbit, Rocket Lab successfully resumed the ocean splashdown and recovery of the rocket's first stage, progressing its goal of designing the world's first reusable small rocket.

We are delighted to have delivered yet another successful Electron mission and would like to thank the teams at Space Flight Laboratory, Spire Global, and NASA for entrusting us with their innovative science and tech demonstration missions, said Peter Beck, Rocket Lab's CEO. With this mission we have made big strides towards reusability with Electron and we are now closer than ever to relaunching a booster for the first time. RKLB is trading at more than 17% up over the last five days and nearly 30 percent up in the past month, according to data from Benzinga Pro.

RKLB price action: Rocket Lab shares are trading at $7.26 at the moment of release, according to Benzinga Pro.