Shares of Rocket Lab USA Inc. are up 23.7% in premarket trades after the space-launch company highlighted strong demand for its Electron rocket during its third-quarter results Tuesday.

Shares of commercial space start-up Rocket Lab jumped after the company reported better-than-expected third-quarter results late Tuesday. The stock rose 35% to $19.85 on Wednesday while the S&P 500 was flat and the Dow Jones Industrial Average was up about 0.

Rocket Lab USA (RKLB, Financial) shares skyrocketed by 24% after the company posted strong third-quarter sales, backed by its Electron rocket program. The space firm reported total revenue of $104.8 million,