Small rocket-maker Rocket Lab (NASDAQ: RKLB) is performing impressively -- accelerating rocket launches faster than SpaceX, growing its revenue 69% year over year, and inching ever closer to profitability.

And yet investors may be curious: Why is Rocket Lab stock down more than 50% since its 2021 IPO?

Rocket Lab reported earnings on Monday, May 6. The company reported 69% sales growth to $92.8 million, with losses slimming by about 10%, despite a sizable increase in spending on research and development for the company's new Neutron reusable rocket.

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Source Fool.com