Rocket Lab Stock Slips as SpaceX IPO Hype Meets a Hard Earnings Test
Rocket Lab shares fell 2.3% to $77.83 Monday, extending recent volatility as investors await first-quarter results due May 7. A technical note flagged weak near-term sentiment despite strong annual revenue growth and a $1.85 billion backlog. SpaceX’s planned IPO has increased scrutiny of space-sector valuations. Rocket Lab completed its second dedicated launch for JAXA on April 23.