You Can Take a Stake in Elon's xAI Before June 1st...

Elon Musk's private AI firm xAI may have just leapfrogged ChatGPT and Google's Gemini--building what experts call the future of AI. For the first time, you can take a stake starting at $500.

Rocket Lab Stock Is Shooting Higher Thursday: What's Fueling The Launch?

Adam Eckert
April 24, 2025

Rocket Lab USA Inc (NASDAQ:RKLB) shares are trading higher Thursday after the company announced it was selected by Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) to provide a hypersonic test flight for the U.S. Department of Defense (DOD).

What To Know: Rocket Lab was awarded a new Hypersonic Accelerator Suborbital Test Electron (HASTE) launch contract for the DOD by Kratos under the Multi-Service Advanced Capability Hypersonic Test Bed (MACH-TB) 2.0 program. 

The launch agreement represents the first full-scale flight test to be awarded by Kratos under the MACH-TB 2.0 contract, which is a $1.45 billion program designed to quickly expand opportunities to test hypersonic technologies.

“In less than two years since its first launch, HASTE has quickly emerged as a leading commercial test platform of hypersonic systems. With our operational speed and cadence, and the ability to serve multiple mission profiles all in one platform, HASTE is helping to move the needle on hypersonic innovation,” said Peter Beck, founder and CEO of Rocket Lab.

“I’m confident this will be the first of many new opportunities to serve the nation through the MACH-TB program, and we’re proud to be working alongside Kratos to bring this test flight to the launch pad on a rapid timeline.”

Check This Out: Jeff Bezos Space Internet Ambitions Falter As Amazon’s Project Kuiper Struggles To Increase Satellite Production Amid Launch Delays

The news comes after Rocket Lab’s HASTE was selected to support hypersonic test launches as part of two major government defense initiatives in the U.S. and U.K. earlier this month.

The U.S. Air Force selected Rocket Lab to participate in its $46 billion Enterprise-Wide Agile Acquisition contract, which runs through 2031 and aims to accelerate the procurement of innovative technologies, engineering services and technical solutions.

The U.K.’s Ministry of Defence also selected Rocket Lab under a $1.3 billion framework aimed at accelerating the development of advanced hypersonic capabilities.

Rocket Lab is scheduled to report earnings results for the first quarter after the market close on May 8. Analysts are anticipating a loss of 12 cents per share and revenue of $121.49 million, according to estimates from Benzinga Pro.

RKLB Price Action: Rocket Lab shares were up 6.63% at $21.63 at the time of publication Thursday, according to Benzinga Pro.

Read Next:

  • SpaceX, Palantir ‘Frontrunners’ In Bid To Build Donald Trump’s Golden Dome: Report

Photo: courtesy of Rocket Lab.

Continue Reading...

Popular

Lawmakers pass energy bill ending Ohio ratepayer charges that subsidize two unprofitable coal plants

COLUMBUS, Ohio (AP) — After , Ohio lawmakers voted Wednesday to end the subsidy for two unprofitable Cold War-era coal plants that had cost Ohio ratepayers nearly $400,000 a day, after they were tucked into the tainted energy bill at the center of the .

Europe launches a drive to attract scientists and researchers after Trump freezes US funding

PARIS (AP) — The European Union launched a drive on Monday to attract scientists and researchers to Europe with offers of grants and new policy plans, after the Trump administration froze U.S. linked to diversity, equity and inclusion initiatives.

This Coin Could Surge Like Bitcoin Did Back in 2013... - Ad

A new coin is emerging in the crypto world. And investing in it now could end up like Bitcoin or Ethereum during their first bull runs.

Musk's Ex-Wife Opens Up About Why Life With Elon Was So Difficult

Justine Wilson recently shed light on the complexities of their marriage and the challenges she faced being married to the Tesla CEO.

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough technology that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the details & how to profit!

Jeff Bezos Says It's 'Easy To Have Ideas' — But Here's Why Only The Relentlessly 'Stubborn' Can Turn Them Into Trillion-Dollar Businesses Like Amazon

Jeff Bezos explained that turning ideas into successful billion-dollar businesses like Amazon requires a unique blend of "stubborn relentlessness" and "flexibility," emphasizing the hard work and adaptability needed to bring ideas to life.

Harassed by Assassin’s Creed gamers, a professor fought back with kindness

HANOVER, N.H. (AP) — Sachi Schmidt-Hori has never played Assassin’s Creed Shadows, but facing an onslaught of online harassment from its fans, she quickly developed her own gameplay style: confronting hate with kindness.

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

Associated Press finds 'no definitive evidence' to change credit for famous Vietnam War photo

Months after the release of a who took an iconic Vietnam War image of a naked girl running from a napalm attack, The Associated Press said Tuesday it had found “no definitive evidence” to warrant changing a nearly 52-year-old photo credit.

The AI Bottleneck Is Real-and One Firm Is Solving It - Ad

AI is scaling fast-but infrastructure is lagging. This firm isn't just aware of the problem, it's building the solution: servers, GPUs, and strategic AI deployments. NVIDIA noticed. Investors should too.

Asian shares rise in subdued holiday trading, as US futures jump

TOKYO (AP) — Asian shares advanced Thursday, with many markets in the region closed for Labor Day holidays, after U.S. stocks stormed back from steep early losses to a seventh straight day of gains.

Missouri poised to become first U.S. state to exempt stock sale profits from income taxes

JEFFERSON CITY, Mo. (AP) — Investors who profit from selling stocks, real estate and other assets soon could reap an even larger benefit in Missouri, which is poised to become the first U.S. state to exempt capital gains from its income tax.

Powering Ai's Future? One Company Is Already Doing It - Ad

Massive compute demand is choking AI's growth. While others wait, this firm is building infrastructure now-with elite GPUs and long-term contracts.

Elon Musk Targets Fed's $2.5 Billion Headquarters Renovation As DOGE Scrutiny Of Central Bank Intensifies: 'That's An Eyebrow-Raiser'

Billionaire Elon Musk called for the Department of Government Efficiency to investigate the Federal Reserve's $2.5 billion headquarters renovation spending, escalating his scrutiny of the central bank as he prepares to reduce his role in the government efficiency initiative.

California high-speed rail leader pushes state to support private investment

SACRAMENTO, Calif. (AP) — A long-delayed project promising nonstop rail service between San Francisco and Los Angeles in under three hours may be able to secure the private funding it desperately needs if California agrees to pay the investors back, its chief executive told The Associated Press.

Elon's Greatest Invention... Hidden in South Memphis? - Ad

Tech legend Jeff Brown recently traveled to the industrial zone of South Memphis to investigate what he believes will be Elon's greatest invention ever... Yes, even bigger than Tesla or SpaceX.

Play your cardinals right: Betting on next pope gains popularity ahead of the conclave

ROME (AP) — Next week’s to to as leader of the world’s 1.4 billion Catholics is a solemn affair steeped in .

Wolfspeed (WOLF) Shares Surge On Potential Short Squeeze Fueled by AI Infrastructure Optimism

Shares of Wolfspeed soared 10.6% on Thursday. The stock is gaining amid renewed investor enthusiasm for AI-related infrastructure spending.

Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad

Amazon delivers 20 million packages a day... powers some of the most popular websites... delivers medication to half of the U.S. population... and even produces award-winning films and TV shows. But a Wall Street legend -- twice featured on 60 Minutes -- predicts that "Amazon Helios" will be bigger than all of those... COMBINED.

Buffett Dismisses Rumors Of Stockpiling Cash For Successor Greg Abel: 'I Wouldn't Do Anything Nearly So Noble Just So Greg Could Look Good'

Berkshire Hathaway chief Warren Buffett, has put to rest rumors that he is accumulating a substantial cash reserve for his successor, Greg Abel.Berkshire Hathaway Inc. (NYSE:BRK.A) chief Warren Buffett, has put to rest rumors that he is accumulating a substantial cash reserve for his success

Trump's Crypto Blueprint Unveils This Infrastructure Powerhouse - Ad

One blockchain token sits at the heart of Washington's pro-crypto agenda. Institutions are loading up while it still trades at a discount. Here's how to get in for $3.

Tesla Stock Falls On European Sales Decline, Rising Competition: What's Going On?

Tesla Inc. (NASDAQ:TSLA) shares are trading lower Monday after industry data showed a drop in new car sales in Spain, which appears to be adding to concerns over European performance.

Have You Seen this Strange Elon Musk Device? - Ad

Tech legend Jeff Brown predicts this "space technology" will be Elon Musk's next trillion-dollar business, and it will make a lot of people rich. This could be the biggest internet innovation since the first web browser Netscape kicked off the internet boom in the late 1990s.

India-Pakistan Ceasefire Teeters As Blasts Shatter Calm In Kashmir

Explosions in Kashmir just hours after a U.S.-brokered India-Pakistan ceasefire have cast doubt on the truce's stability.

Ethereum Flat After Pectra Upgrade, But Analyst Foresees Overhaul 'Tailwind' That Could Take ETH Above $2,000

Ethereum's (CRYPTO: ETH) widely anticipated Pectra upgrade failed to have an immediate impact, with the second-largest cryptocurrency barely moving after its activation Wednesday. What happened: ETH was up 0.96%, while trading volume rose scarcely by 0.52% over the last 24 hours.

You Can Take a Stake in Elon's xAI Before June 1st... - Ad

Elon Musk's private AI firm xAI may have just leapfrogged ChatGPT and Google's Gemini--building what experts call the future of AI. For the first time, you can take a stake starting at $500.

Nasdaq-100 Leveraged ETF TQQQ Surges 5.5% As Tech Rally, Jobs Data Boost Risk Appetite

Shares of ProShares UltraPro QQQ ETF jumped 5.5% during Friday's session. TQQQ jumped following a stronger-than-expected April jobs report and robust corporate earnings.

Desperate children and adults in Gaza struggle to get food as Israel blocks aid

KHAN YOUNIS, Gaza Strip (AP) — Screaming in anguish as the desperate crowd crushes them against a barrier, young children and adults frantically wave pots and pans at charity workers, begging for a portion of some of the last food aid left in Gaza: Rice.

Government Moves + Nvidia Deals = AI Infrastructure Tailwinds - Ad

From Trump's Stargate initiative to NVIDIA's $500B bet, AI infrastructure is now strategic. This company is positioned at the heart of the buildout.

What customers can expect as Rite Aid closes or sells all its drugstores

Rite Aid customers can expect their local store to close or change ownership in the next few months, as the struggling drugstore chain goes through .

XRP Outpaces Bitcoin, Ethereum In Q1 As Investment Inflows Top $200 Million

Despite broader crypto market sluggishness, XRP (CRYPTO: XRP) has had a solid first quarter of the year, according to a recent report.

Buffett's Favorite Chart Just Hit 209% - Here's What That Means For Gold - Ad

Buffett's favorite market signal just hit its highest level in history-stocks are more overvalued than 1929. He's sitting on $325B in cash... and may be about to buy one overlooked gold miner. I've identified it-plus 4 others with up to 100X potential.

'Sell In May And Go Away?' Only In Bear Markets, One Expert Says

Historically, markets deliver weaker and more volatile returns during the May through October timeframe than any other time of the year.

Musk defends his work as he prepares to wind down at DOGE but gives hazy answers on future

WASHINGTON (AP) — , preparing to step back from his work leading the , had a request of the reporters gathered at the White House to interview him: Before he would answer any questions, he wanted someone to tell him a joke.

Nvidia Is About to Shock the World: July 23rd - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: July 23rd! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

Senate confirms Bisignano to lead Social Security Administration as agency faces DOGE overhaul

WASHINGTON (AP) — Wall Street veteran Frank Bisignano was confirmed by the Senate on Tuesday to lead the , taking over at a turbulent time for the agency that provides benefits to more than 70 million Americans.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright systemtrading.ca
Privacy Policy | Terms of Service