Rocket Lab USA Incsoared higher in after-hours trading Wednesday, following an announcement that the company has been chosen to fly an experimental solar sail into space.
NASA signed on with Rocket Lab RKLB, +10.43% to demonstrate the U.S. agency’s Advanced Composite Solar Sail System, or ACS3. The solar sail will be launched into space to demonstrate the efficacy of a technology that could be an alternative to satellites for specific duties.
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