Rocket Lab Corporation (NASDAQ:RKLB) shares are down during Wednesday’s premarket session. On Tuesday, the company was selected for a $12 million contract to support the U.S. Space Force’s space data network consortium.
This news comes amidst a mixed market tone, with S&P 500 futures showing little change.
Wins U.S. Space Force Data Network Contract
The initiative is aimed at establishing a secure, high-speed global satellite communications network for military operations.
Rocket Lab was also competitively selected for two delivery orders to support the SDN-B program’s efforts to demonstrate interoperability of secure optical communications in space.
The SDN Consortium, overseen by the U.S. Space Force’s Space Systems Command, brings together leading industry participants to develop and deploy a resilient satellite communications architecture.
The network is intended to provide secure, real-time global connectivity to support U.S. military operations across the air, land, sea and space domains.
The SDN-B program is a key part of the U.S. Space Force’s broader Space Data Network initiative, which seeks to provide the Joint Force with high-capacity, low-latency and resilient data transport capabilities.
By enabling continuous, secure connectivity, the program is expected to strengthen mission-critical communications for warfighters operating worldwide.
Onboarded To The U.S. Space Force’s NITE-STAR Program
Recently, the company has been onboarded to the U.S. Space Force’s NITE-STAR program, a $981 million contract vehicle supporting space test and training infrastructure, the company announced Monday.
The program, managed by Space Systems Command, is designed to help train space operators for contested scenarios and strengthen the Space Force’s readiness.
As an awardee, Rocket Lab can now compete for individual task orders under the program, spanning satellite development, space software, ground systems deployment, and sustainment of operational systems.
Rocket Lab Earnings Preview And Analyst Price Targets
Rocket Lab is slated to provide its next financial update on November 9, 2026 (estimated).
- EPS Estimate: Loss of 8 cents (Up from Loss of 3 cents)
- Revenue Estimate: $253.80 million (Up from $155.05 million)
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $107.71. Recent analyst moves include:
- Citizens: Market Outperform (Maintains Target at $130.00) (August 11)
- Cantor Fitzgerald: Overweight (Raises Target to $122.00) (August 11)
- KGI Securities: Upgraded to Outperform (Target $107.00) (July 27)
Top ETFs Holding Rocket Lab (RKLB)
- Invesco Aerospace & Defense ETF (NYSE:PPA): 3.19% Weight
- ARK Autonomous Technology & Robotics ETF (BATS:ARKQ): 3.41% Weight
- Defiance Space and Connective Tech ETF (NASDAQ:UFOX): 4.04% Weight
Significance: Because RKLB carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.
RKLB Price Action: Rocket Lab shares were down 3.68% at $76.25 during premarket trading on Wednesday, according to Benzinga Pro data.
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