Rocket Lab (NASDAQ: RKLB) shares jumped sharply on Thursday, recovering from a significant sell-off the previous session with gains of 8.3% as of 2:25 p.m. Rocket Lab announced a new multi-launch agreement with Q-shu Pioneers of Space, also known as iQPS, providing a clear fundamental catalyst for Thursday’s price recovery. For Rocket Lab, the combination of a fresh contract announcement and favorable macro conditions proved powerful enough to erase nearly all of the losses incurred during the prior session’s sell-off. The iQPS agreement adds to a growing backlog for Rocket Lab, which has been actively expanding both its launch services and spacecraft manufacturing businesses in recent quarters. Investors will likely be watching for further contract announcements and any updates to the company’s launch cadence as signals of continued commercial momentum through the rest of the year.