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Investing.com - Rocket Lab USA (NASDAQ:RKLB), a space technology company with a market capitalization of $22.39 billion, has delivered two identical spacecraft to Kennedy Space Center in Florida for NASA’s ESCAPADE mission, the company confirmed on September 22. According to InvestingPro data, the company has demonstrated robust revenue growth of 54.36% over the last twelve months.
The twin spacecraft, named Blue and Gold, were built by Rocket Lab for NASA’s Escape and Plasma Acceleration and Dynamics Explorers (ESCAPADE) mission, which aims to study how solar wind interacts with Mars’ magnetosphere.
The delivery marks a significant milestone for the mission, following the successful development and testing phases conducted by Rocket Lab, demonstrating the company’s expanding capabilities in deep space missions.
The spacecraft will undergo final checkouts and integration with the launch vehicle in the coming weeks before beginning their journey to Mars, where they will be deployed into orbit around the red planet.
Cantor Fitzgerald has reiterated an Overweight rating on Rocket Lab stock with a $54.00 price target, as the company continues to strengthen its position in the space exploration sector. Get deeper insights into RKLB’s financial health and growth potential with InvestingPro, which offers exclusive analysis and 12 additional ProTips for informed investment decisions.
In other recent news, Rocket Lab USA Inc. has announced several significant developments. The company successfully launched its 70th Electron mission, reinforcing its status as a leader in the small orbital rocket sector. This mission, named "Live, Laugh, Launch," took off from Rocket Lab Launch Complex 1 in New Zealand, marking the company’s 12th mission of 2025. Additionally, Rocket Lab revealed plans to expand its U.S. semiconductor manufacturing capacity, supported by a $23.9 million award from the Department of Commerce under the CHIPS and Science Act. This expansion aims to nearly double its production capacity for space-grade solar cells and electro-optical sensors over the next five years. Moreover, Rocket Lab announced a new at-the-market offering program to sell up to $750 million worth of common stock, collaborating with multiple investment banks as sales agents. The company also adopted a Senior Executive Cash Incentive Bonus Plan, with bonuses tied to performance targets. These recent developments highlight Rocket Lab’s ongoing strategic initiatives in both its operational and financial activities.
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