Why Rocket Lab Stock Plummeted as Much as 16% Today
Providing an update on its operations after the market closed yesterday, Rocket Lab (NASDAQ:RKLB) revealed a new timeline for the first launch of its medium-use reusable rocket, Neutron. Between this and analysts revising their outlooks on the space stock, investors have found sufficient cause to click the sell button.
As of 1:48 p.m. ET, shares of Rocket Lab were down 9.8%, paring back an earlier loss of 16%.
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