On Monday, Rocket Lab USA, Inc. (NASDAQ:RKLB) disclosed the launch of its Electron rocket, deploying five satellites for French IoT operator Kinéis.
This marks the completion of a five-launch deal, delivering Kinéis' 25-satellite constellation to Low Earth Orbit in under a year.
Rocket Lab founder and CEO Peter Beck said, "Many constellation operators wait years for their first mission, but we've deployed Kinéis' mission in under a year and with 100% dedicated launches where they have been able to select launch site, date, and orbital parameters allowing them to maximize coverage for each of their 25 spacecraft."
Christophe Vassal – Chairman of the Supervisory Board of Kinéis, said, "On June 1st, we will launch our IoT satellite connectivity commercial services. This achievement marks the beginning of a new era for Kinéis, where the data collected by our constellation will unlock numerous opportunities for our clients and partners."
Last week, Rocket Lab USA launched two software solutions to enhance the efficiency of space mission operations.
Investors can gain exposure to the stock via ARK Space Exploration & Innovation ETF (BATS:ARKX) and Tidal ETF Trust II Pinnacle Focused Opportunities ETF (NYSE:FCUS).
Price Action: RKLB shares are up 0.89% at $19.27 premarket at the last check Tuesday.
- Rocket Lab Launches 'Lightning God Reigns' Mission, Sets Sights On 'High Five' Launch Just Three Days Later
Image via Shutterstock.
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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