Rocket Lab USA, Inc ( RKLB ). shares are moving higher on Thursday. The stock may be moving higher amid continued strength after the company on Monday announced it completed its 16th successful mission of 2024.

The Details: The company announced earlier this week that it successfully deployed a satellite for Japanese Earth-observation constellation operator Synspective.

The mission lifted off from Rocket Lab Launch Complex in New Zealand and deployed a single StriX satellite to orbit. Synspective’s StriX satellite serves multiple purposes, including detecting anomalies in road, rail and energy infrastructure as well as providing rapid damage assessments after events like flooding, landslides and volcanic eruptions.

Rocket Lab concluded its 2024 launch schedule with this mission, setting a new record of 16 successful launches for the year, surpassing its 2023 total of 10. The company’s next launch is slated for the first quarter of 2025.

Rocket Lab founder and CEO, Sir Peter Beck, said, “In 2024 we launched missions for NASA, the NRO, deployed multiple missions for commercial constellation operators like Synspective, launched suborbital HASTE missions advancing hypersonic flight test capability, and to top it all off, we achieved a world first by launching two missions from two different hemispheres in less than 24 hours.”

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RKLB Price Action: At the time of writing, Rocket Lab shares are trading 5.64% higher at $28.10, according to data from Benzinga Pro.

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