RKLB

Rocket Lab Corporation

2026-01-16 03:01 PM

+6.08%

Rocket Lab extends rally as $816M Pentagon contract momentum continues

Rocket Lab continues its strong run following the announcement of an $816 million contract from the U.S. Space Development Agency for 18 satellites, the largest deal in company history. According to Investing.com and multiple sources, the stock recently hit all-time highs, with analysts maintaining Buy ratings despite a KeyBanc downgrade to Sector Weight on January 15.

Analysis

This marks the third significant up day in the past week (+3.6% Jan 12, +6.0% Jan 14, +6.1% today), suggesting sustained institutional buying around the Pentagon contract catalyst. The stock is dramatically outperforming the flat broader market, indicating this is company-specific momentum rather than sector rotation. While KeyBanc's downgrade briefly pressured shares yesterday (-1.1%), buyers quickly returned, reflecting strong conviction in Rocket Lab's defense positioning and upcoming Neutron launch catalyst.

Sources

Date: 2026-01-16

Price: $96.25

Type: Stock Specific

Confidence: medium