Rocket Lab's stock has surged 133% since September, with a total return of 355% since November 2023. Read why I remain bullish on RKLB stock.

After explosive gains yesterday, Rocket Lab (NASDAQ: RKLB) stock is coming down to Earth a bit in Thursday's trading. The company's share price was down 5.3% as of 2:45 p.m. ET. Following the big earnings-driven rally for Rocket Lab yesterday,

Rocket Lab USA Inc. (NASDAQ: RKLB) stock is up more than 40% the day after reporting a record number of launches for its Electron rockets in the prior quarter. The Electron rocket provides launch services that allows commercial and government customers to deploy satellites and other payloads into space.

Shares of aerospace and defense company Rocket Lab (NASDAQ:RKLB) jumped 53.4% in the morning session after the company reported impressive third-quarter results and provided an optimistic EBITDA forecast for the next quarter,

Shares of Rocket Lab USA ( NASDAQ: RKLB ), an aerospace manufacturer and launch-service provider, were up 50% in midday trading on Wednesday, after earnings beat Wall Street estimates. Looking ahead to the fourth quarter, the company forecast revenue between $125 million to $135 million, coming in above its previous estimates of $121 million.

Rocket Lab announced its first customer for its coming Neutron vehicle. The space infrastructure company reported third-quarter revenue increased to $104.8 million, up 55% from $67.6 million for the same period a year ago.

A powerful earnings report from Rocket Lab propelled space stocks higher on Wednesday. As of 12:45 p.m. ET, shares of Spire Global (NYSE: SPIR) are up 22%, while AST SpaceMobile (NASDAQ: ASTS) stock is gaining 22.