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Wed, December 24, 2025 astatine 5:45 AM CST 1 min read
Needham raised the firm’s price target connected Rocket Lab (RKLB) to $90 from $63 and keeps a Buy standing connected the shares aft the Space Development Agency announced contracts for its Tracking Layer Tranche 3, for which the institution was awarded $805M. This award, the largest successful institution history, “strongly validates” Rocket Lab arsenic a defence prime, its burgeoning Space Systems segment, and much than doubles conception backlog, the expert tells investors.
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