Rocket Lab Stock (RKLB) Rises on its First European Space Agency Launch

Rocket Lab (RKLB) stock was up 2% in Monday’s pre-market trading as the aerospace company announced the completion of its first launch for the European Space Agency (ESA). This launch, named “Daughter Of The Stars,” is RKLB’s 6^th launch in 2026 and, overall, the 85^th for the company’s Electron launch vehicle.

RKLB stock has been very volatile so far this year. While optimism about SpaceX’s initial public offering (IPO) has supported sentiment about the long-term prospects of space companies, the ongoing U.S.-Iran war has been dragging down stocks in riskier sectors. RKLB stock is down 13% year-to-date but has rallied 231% over the past year.

Rocket Lab Highlights First ESA Launch, Future Missions

Rocket Lab revealed that the first dedicated launch for ESA lifted off from Rocket Lab Launch Complex 1 in New Zealand on March 28. This launch successfully delivered ESA’s “Celeste” mission to orbit, which involves the deployment of the first two spacecraft of a satellite navigation demonstration mission in low Earth orbit at 510 km. These spacecraft will test next-generation technologies for use in autonomous vehicles, maritime navigation, wireless networks, and other applications across Europe.

The space launch service provider added that Electron’s continued success reinforces its industry-leading position in small-satellite missions. Rocket Lab recently announced a $190 million contract from the U.S. Department of War for 20 hypersonic test flights with its HASTE launch vehicle. This is the company’s largest launch deal ever and moves its total backlog to more than $2 billion. 

Looking ahead, RKLB’s upcoming launches for 2026 include missions for commercial Earth observation, international space agencies, national security, and hypersonic technology development.

All eyes are now on the much-awaited launch of Rocket Lab’s Neutron rocket, expected in late 2026.

Is RKLB a Buy, Sell, or Hold?

Currently, Wall Street has a Moderate Buy consensus rating on Rocket Lab stock based on nine Buys and four Holds. The average RKLB stock price target of $89.36 indicates about 47% upside potential.