New York, January 7, 2026, 10:39 EST — Regular session
Rocket Lab shares slid 2.6% to $83.80 in mid-morning trade on Wednesday, a day after the space and defense contractor’s stock logged a sharp jump. The pullback came as recent regulatory filings showed two top executives sold a combined roughly $110 million of shares under preset trading plans. 1
The sales matter because Rocket Lab’s rally has turned the stock into a crowded trade, with investors leaning on big government work and a pipeline of new hardware to justify a steep valuation. When insiders sell into that kind of tape — even through automatic plans — it tends to get noticed.
Rocket Lab was one of four companies the Space Development Agency said it picked in December for a $3.5 billion program to build 72 infrared satellites for missile warning and tracking, with Rocket Lab, Lockheed Martin, Northrop Grumman and L3Harris each slated to produce 18 spacecraft. The satellites are expected to launch into low Earth orbit in 2029, the agency said at the time. 2
Chief Financial Officer Adam Spice sold about 1.37 million Rocket Lab shares on Jan. 5 for roughly $103.1 million, according to a Form 4 filed on Tuesday. The filing also showed Spice exercised options to buy 731,330 shares at $1.09 each, and that the sales ran under a Rule 10b5-1 plan — a preset program that can trigger trades automatically. 3
A separate Form 4 filed the same day showed Chief Operating Officer Frank Klein sold 100,000 shares on Jan. 2 for about $7.3 million, also under a Rule 10b5-1 plan. Klein still held about 1.17 million shares after the transactions, the filing showed. 4
The insider sales land as Rocket Lab trades near its 52-week high and after a run that has been prone to big daily swings. Traders have been quick to fade moves in either direction, especially when headlines touch defense funding and space-launch demand.
But the filings do not, by themselves, say anything about Rocket Lab’s next quarter. The bigger risk for bulls is execution: delays, cost creep, or a stumble on high-profile government programs can hit sentiment fast when a stock is priced for clean delivery.
