10 Firms Kick Off Trading Week Soaring

3. Rocket Lab USA (NASDAQ:RKLB)

Rocket Lab (RKLB) touched a new all-time high on Tuesday at $31.64 apiece before trading slightly lower to end at $31.27 each.

Rocket Lab (RKLB) traded higher in line with its counterparts amid overall market optimism towards the space exploration industry, boosted by President Donald Trump’s promise to support the US mission to send astronauts to Mars.

At his inauguration on Monday, Trump said that the US “will pursue its manifest destiny into the stars, launching American astronauts to plant the Stars and Stripes on the planet Mars.”

Trump’s pronouncements have signaled a more robust space exploration industry under his term, further fueling optimism in the sector.

In related news, Rocket Lab (RKLB) announced that it has scheduled the next Electron launch for Kinéis, a global provider of Internet-of-Things (IoT) connectivity. The said mission will be the fourth of five dedicated Electron launches under a multi-launch contract with Kinéis, aimed at deploying a complete constellation of 25 IoT satellites.

The first three launches, which took place in June, September, and November 2024, were successfully executed, marking significant progress in the deployment of this global IoT network.