Overview
- Shares surged 252.62% on Monday to $23.20, marking a new 52-week high after the stock’s NYSE American debut last week.
- Volume topped 36 million shares against an average near 5.2 million, reflecting unusually active and volatile trading.
- The offering priced at $3.59 raised about $40 million, with proceeds directed to hypersonic R&D and satellite-launch operations.
- The company flies F-104 supersonic aircraft from NASA’s Kennedy Space Center to provide sub-orbital launch services for small satellites.
- Gains coincided with sector strength as Rocket Lab advanced on an $816 million SDA contract and Sidus Space jumped on a defense deal, with traders eyeing $17.72 as potential support and $25 as near-term resistance.