The U.S. Space Force selects Rocket Lab to compete for its $5.6 billion National Security Space Launch program.

Today, the company is generating less than $500 million in revenue and losing close to $200 million a year. From my vantage point, it is best to keep Rocket Lab stock on the watchlist for now despite this 40% drawdown in 2025.

Key Takeaways Rocket Lab shares climbed Friday after the U.S. Space Force selected the space rocket company to join its $5.6 billion National Security Space Launch program.Under the program, Rocket Lab and four other launch providers can compete for missions,