Rocket Lab shares surge over 8% on strong outlook

Rocket Lab shares jumped 8.2% following Cantor Fitzgerald's reiteration of an Overweight rating with a $122 price target. The rally reflects investor optimism around the company's near-term catalysts and financial health.

Key drivers include the upcoming launch of Rocket Lab's Neutron rocket, the planned acquisition of Iridium Communications, and a record backlog of $2.36 billion. These developments have strengthened confidence in the company's growth trajectory and market position.