Why Rocket Lab Stock Sank 5% Tuesday
Rocket Lab USA's (NASDAQ: RKLB) rising stock price rocketed into reverse Tuesday, falling 5% through 1 p.m. ET despite some objectively good news for the small space rocket manufacturer.
On X last night, Rocket Lab CEO Peter Beck posted a pair of "how it started, how it's going" images showing first himself three years ago at the announcement of his plans to build a new medium-size reusable Neutron rocket to compete with SpaceX's Falcon 9, and then a Rocket Lab worker measuring the inside of an apparently complete fairing for an actual Neutron rocket that is now in production.
How it started v How it's going.
Flight hardware is in production for Neutron's reusable fairing. Humans for scale. pic.twitter.com/W5qYWIqTPg
Source Fool.com
