Shares of RocketLab USA (RKLB) rocketed 13% higher Tuesday after the space stock announced it was acquiring electro-optical and infrared payload manufacturer Geost for $275 million. The deal is expected to close in the back half of 2025.
By acquiring Geost, the launch services and space systems company will now enter into the payload segment, further cementing its position as a leading player in space for the country’s national security industry.
This post originally appeared at Money Morning.