Rocket Lab announced its first customer for its coming Neutron vehicle. The space infrastructure company reported third-quarter revenue increased to $104.8 million, up 55% from $67.6 million for the same period a year ago.

Shares of aerospace and defense company Rocket Lab (NASDAQ:RKLB) jumped 53.4% in the morning session after the company reported impressive third-quarter results and provided an optimistic EBITDA forecast for the next quarter,

Rocket Lab stock is on a roll as launch revenue rolls in and a new Neutron rocket promises to grow revenue even more. Rocket Lab ( RKLB 43.99%) stock lived up to its name this morning as shares were up 44% at 10:45 a.m. ET after an encouraging earnings report Tuesday evening.

Shares of Rocket Lab USA ( NASDAQ: RKLB ), an aerospace manufacturer and launch-service provider, were up 50% in midday trading on Wednesday, after earnings beat Wall Street estimates. Hims & Hers stock tanks as Amazon debuts fixed pricing for hair-loss and erectile-dysfunction drugs

Rocket Lab stock price has gone parabolic, rising in the last five consecutive weeks, and reaching its highest level since November 2021. The RKLB share price has jumped by 320% from its lowest level this year,

Rocket Lab's stock has surged 133% since September, with a total return of 355% since November 2023. Read why I remain bullish on RKLB stock.

A powerful earnings report from Rocket Lab propelled space stocks higher on Wednesday. As of 12:45 p.m. ET, shares of Spire Global (NYSE: SPIR) are up 22%, while AST SpaceMobile (NASDAQ: ASTS) stock is gaining 22.