Rocket Lab Stock Slides After $1 Billion Share-Sale Plan Cuts Into Neutron-Fueled Rally
Rocket Lab shares tumbled almost 9% Wednesday, with the stock hitting $71.65 by 11:30 a.m. EDT—off 8.8%—after the company announced plans to sell as much as $1 billion in common stock over time. That move took the momentum out of Tuesday’s 10.2% jump.