Rocket Lab stock drops nearly 10% as Neutron timing stays in focus ahead of Feb. 26 results
Rocket Lab shares closed down 9.5% at $80.45 Monday, rebounding 0.5% after hours. The drop followed news of a Stage 1 tank rupture during Neutron rocket testing. The company will update Neutron’s launch timeline during its Feb. 26 earnings call. Production of a new tank is underway.