Rocket Lab Stock Jumps Nearly 2% Overnight as CFO Says Neutron Has 'Nice Spot' vs SpaceX

Rocket Lab (RKLB) stock climbed nearly 2% overnight on June 10 after CFO Adam Spice said at the Wells Fargo Industrials & Materials Conference that SpaceX's growing focus on Starlink, Starship, and space-based data centers could leave a market opening for Rocket Lab's Neutron rocket. "It seems like Neutron's going to have a very nice spot in this market going forward," Spice said.

Rocket Lab still targets Neutron's first launch by year-end despite a February booster test failure traced to a third-party manufacturing defect. The company is scaling production to four rockets annually and plans to make Neutron reusable, with each booster eventually flying up to 20 times. A fleet of six boosters could support nearly 100 launches per year.