Investors in small rocket launcher Rocket Lab USA (NASDAQ: RKLB) are having an exciting day on Thursday.

Last night, Rocket Lab announced its first rocket launch of 2024, and its first recovery of a rocket from a water landing this year. The space company also announced the preliminary results for its fourth and final quarter of 2023. And how was that news?

Here's a hint: Through 11 a.m. ET, Rocket Lab stock is down 18.6%.

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Source Fool.com