Rocket Lab Stock Climbs As Biden Administration Plans To Ease Export Restrictions On Space Companies: What You Need To Know

Rocket Lab USA Inc (NASDAQ:RKLB) shares are getting a lift in Thursday’s after-hours session following a report that the Biden administration will ease export restrictions on U.S. commercial space companies.

What To Know: The Biden administration is planning to soften export restrictions on U.S. space companies to ship satellites and spacecraft-related items to allies, according to Reuters.

Two people familiar with the matter reportedly said the moves are aimed at boosting sales for the commercial space industry in the U.S. while protecting national security.

The report indicates that U.S. space ...

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