Rocket Lab builds eight satellite platforms for MDA Space as stock rises 2.2%

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Daria Chernytska

18.08.2026

Rocket Lab builds eight satellite platforms for MDA Space as stock rises 2.2% — Rocket Lab stock rises 2.2% today

Eight advanced satellite platforms produced for MDA Space by Rocket Lab are now in orbit as part of a replenishment effort for Globalstar. The stock is up 2.2% on the day at $82.08.

RKLB price prediction

24H -0.57%

$54.12

48H -0.33%

$54.25

7D -0.81%

$53.99

1M -31.36%

$37.36

3M -32.08%

$36.97

6M -41.43%

$31.88

12M -39.13%

$33.13

Current price: $54.43 3.08 5.99%

Closed 11/03

Daily range 52.90

54.94

Weekly range 50.72

61.12

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Highlights

Eight advanced satellite platforms built by Rocket Lab for MDA Space have successfully reached orbit for Globalstar's constellation replenishment.
Rocket Lab stock is up 2.2% on the day at $82.08.
Analyst coverage includes 56 of 71 at buy and none at sell, with a median price target of $120.

Rocket Lab said that eight advanced satellite platforms it built for MDA Space have reached orbit. These 500kg Lightning spacecraft buses are part of satellites designed for Globalstar. The launch was the first in a 17-satellite replenishment constellation under a $143 million agreement, according to StockTitan.

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Upside checked as overbought signs meet daily structure split

Rocket Lab stock opened the session with a gap up from the previous close at $80.25 to $81.23. The price is displaying a split daily structure, holding below the MA-50 while staying above the MA-20 and MA-200. The nearest resistance is the weekly high at $84.21, and with Stoch RSI in overbought territory, further upside is limited for now.

Odds favour upside as traders watch a close above resistance

Traders should watch whether shares manage to close above $84.21 to confirm buyers are willing to maintain upward momentum. The move began with an opening gap from $80.25 to $81.23, highlighting early strength. Even so, from here the upside probability stands at 55% with a downside probability of 45% for the coming trading week, and an expected trading range of $78.16 to $85.99. A drop below $78.48 would show the move is being faded. On the weekly chart the longer-term picture stays firmly constructive.

Previously it was reported that Rocket Lab secured a significant contract to supply a geosynchronous satellite bus for Viasat under the PTS-G program, positioning the company for continued growth through new government and commercial agreements. The successful deployment of advanced spacecraft platforms for MDA Space now broadens Rocket Lab’s operational track record, with traders advised to monitor the $84.21 resistance as the next key test for ongoing price strength.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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