Stock Track | Rocket Lab Soars 6.05% Intraday as Space Stocks Rally on SpaceX-xAI Merger

Stock Track02-03

Rocket Lab USA, Inc. (RKLB) stock soared 6.05% during intraday trading on Tuesday, leading a broad rally across the space sector.

The surge followed the announcement that Elon Musk's SpaceX has merged with artificial intelligence startup xAI in a record-setting deal valued at $1.25 trillion. The transaction, which unifies Musk's ambitions in AI and space exploration, has generated significant positive sentiment for the broader aerospace and satellite industry.

Investors are betting that the landmark merger could accelerate innovation and create new growth opportunities within the space ecosystem, benefiting public companies like Rocket Lab. Analysts also note that the deal underscores the growing intersection of space infrastructure and AI, with Musk estimating that space-based AI compute could become cost-effective within a few years.

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