Rocket Lab USA, Inc. ( RKLB ) shares are trading higher on premarket Monday. On Friday, the company successfully launched its 53rd Electron mission, deploying five satellites to Low Earth Orbit for the French Internet-of-Things (IoT) company Kinéis.

This was the second of five dedicated Electron launches for Kinéis, supported by private and public investors, including the French space agency CNES and CLS, aimed at enhancing global IoT connectivity.

The “Kinéis Killed the RadIOT Star” mission launched from Rocket Lab Launch Complex 1 in Mahia, New Zealand, at 11:01 a.m. NZST on September 21 (23:01 UTC, September 20), successfully deploying five satellites into a 643 km orbit.

Rocket Lab founder and CEO Sir Peter Beck stated, “Today’s successful launch marks another milestone for Rocket Lab as we continue to enable innovative companies like Kinéis to push the boundaries of global IoT connectivity. With each mission, we are bringing the world closer together, allowing vital data to be transmitted from the remotest corners of the Earth.”

Related: Rocket Lab’s Nanosatellite Launch For Kineis Mission Aborted On Pad, Future Launches Under Review

This month, the company announced that Frank Klein will be its new Chief Operations Officer, effective September 16th, 2024.

According to Benzinga Pro, RKLB stock has gained 71% in the past year. Investors can gain exposure to the stock via Procure Space ETF ( UFO ) and SPDR S&P Kensho Final Frontiers ETF ( ROKT ) .

Price Action: RKLB shares are up 0.67% at $7.52 premarket at the last check Monday.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.