Rocket Lab is selected for Space Data Network and awarded $12 million in contracts as stock falls 3.5%

Traders Union
All News
Business & Wealth
Companies
Rocket Lab stock falls 3.5% today

Highlights

Rocket Lab was selected for a $12 million contract from the U.S. Space Force to develop a secure global communications network with an operational test planned in 2027.
56 of 71 analysts rate Rocket Lab stock a buy, and the median price target of $120 is 57.2% above current levels.
Rocket Lab stock is down 3.5% on the day at $76.33.

Rocket Lab was selected by the U.S. Space Force for the Space Data Network Consortium and awarded $12 million in contracts to support development of a secure, high-speed global communications network for military operations. A company-built Photon spacecraft will demonstrate secure optical links between satellites and ground systems, with an operational test expected in 2027, according to Stock Titan. The event was first reported on August 18, 2026.

View post on X Loading...

The tweet was deleted by the author.

But we saved everything 🙂.

Bearish chart structure holds as upside faces resistance

The session opened with a gap down from the previous close of $79.16 to $77.14. Rocket Lab stock is trading within a broader bearish chart structure, with price currently below the MA-50 and MA-200 but holding above the MA-20, creating a split daily setup. The nearest resistance is the prior weekly low at $76.88. Stoch RSI nearing overbought territory is an early indication that the advance may be getting stretched, which could limit further upside for now.

Downside odds lead as price eyes key support levels

To gauge whether the recent revenue event is being absorbed into the price, traders should watch for a close above $76.88. Shares moved sharply lower, opening the session with a notable gap from $79.16 to $77.14. Over the coming trading week, probability estimates point to a 36% chance of upside versus a 64% chance of downside, with the expected trading range between $72.45 and $80.2. Despite a sharp move lower in the past week without a sustained trend, from here a close above resistance would indicate buyers are following through, while a drop below $73.19 would suggest sellers are regaining control. On the weekly chart the longer-term picture stays mixed.

Previously it was reported that Rocket Lab expanded its operational footprint by successfully deploying advanced satellite platforms for MDA Space as part of a broader replenishment initiative. The latest U.S. Space Force contract adds a significant strategic dimension, with traders advised to watch $76.88 as a current key level for potential short-term shifts in price direction.

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.