Rocket Lab (RKLB 0.77%) stock is soaring higher Wednesday. The company's share price was up 6.8% as of 1:45 p.m. ET and had previously been up as much as 8.1%.
Rocket Lab is gaining following comments made by President Donald Trump last night that investors view as being bullish for the U.S. space industry. Despite some pullbacks across 2025's trading, the company's share price is now up 359% over the past year.
Rocket Lab stock gets another Trump bump
U.S. space industry stocks have seen big valuation gains following Trump's election win last November, and Rocket Lab has been an active participant in the rally. The stock is getting another boost following statements made by Trump in his speech to Congress yesterday. Trump said, "We are going to conquer the vast frontiers of science and we are going to lead humanity into space and plant the American flag on the planet Mars and even far beyond." Investors are betting that the president's support for space exploration and industrialization will create big business tailwinds for Rocket Lab.
What's next for Rocket Lab stock?
Rocket Lab is gearing up for the first of its rocket launches for the Institute for Q-shu Pioneers of Space (iQPS) later this month. The launch window kicks off on March 10, and the rocket will depart from the company's complex in New Zealand. The rocket's mission is to bring a synthetic aperture radar imaging satellite into the Earth's orbit for iQPS. With launches for customers picking up speed, Rocket Lab' revenue looks poised for a dramatic acceleration this year.
