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Rocket Lab (RKLB<\/a>) stock extended its surge for a second consecutive trading day on Monday as investors continue buying after the company\u2019s strong quarterly report \u2014 and with a SpaceX (SPAX.PVT<\/a>) IPO on the horizon.<\/p>\n Rocket Lab shares rocketed 30% on Friday on the back of strong first quarter results released after the close on May 7. Monday\u2019s session carried that momentum forward, with the stock jumping another 14%, hitting a new all-time high.<\/p>\n With today\u2019s move, Rocket Lab is up an eye-popping 70% year to date.<\/p>\n Q1 results came against the backdrop of a flurry of new deals. CEO Peter Beck said Rocket Lab booked 31 Electron and HASTE rocket missions during the quarter \u2014 the most ever signed in a single quarter \u2014 and the company now has more than 70 launches in backlog across those programs.<\/p>\n The company also signed five new dedicated launches for Neutron, its larger rocket. Total backlog reached $2.2 billion, up 20% over the quarter and 108% year over year \u2014 the highest it has ever been.<\/p>\n Rocket Lab reported Q1 revenue of $200.3 million, a 63.5% year-over-year increase, on a loss per share of $0.07 versus estimates of $0.08.<\/p>\n Forward guidance was equally impressive, with Q2 revenue projected at $232.5 million at the midpoint, 12% above analysts’ expectations.<\/p>\n Rocket Lab landed a string of recent strategic wins. The company was chosen alongside defense giant RTX to bolster the Defense Department\u2019s Space Based Interceptor program<\/a>, providing launch and satellite technology in support of President Trump\u2019s Golden Dome missile defense initiative.<\/p>\n Rocket Lab also announced plans to acquire Motiv Space Systems<\/a>, a robotics firm whose tech has been featured on NASA\u2019s Mars rover missions.<\/p>\n The two-day stock rally comes amid growing investor enthusiasm for the broader space sector \u2014 stoked by the highly anticipated SpaceX IPO<\/a>, which could come as early as this summer.<\/p>\n Rocket Lab is considered the most credible publicly traded pure-play rocket company in the space sector, and with SpaceX targeting an IPO sometime in June 2026, investors have flooded into Rocket Lab and others as a proxy for the broader commercial space opportunity.<\/p>\n Pras Subramanian is the Lead Transportation Reporter for Yahoo Finance. You can follow him on<\/em> X<\/em><\/a> and on<\/em> Instagram<\/em><\/a>.<\/em><\/p>\n Click here for the latest technology news that will impact the stock market<\/strong><\/a><\/p>\n Read the latest financial and business news from Yahoo Finance<\/strong><\/a><\/p>\n<\/p><\/div>\n