benzinga40d ago
Rocket Lab (NASDAQ:RKLB) shares are down on Tuesday as investors look ahead to this week’s earnings report following a volatile stretch for space-related stocks. Here’s what investors need to know.Rocket Lab shares are under pressure. Why is RKLB stock retreating?SpaceX IPO Weighs On Rocket LabRocket Lab has been under pressure, down 13% over the past month, as investors shift money away from smaller launch providers amid speculation that SpaceX could pursue a $1.5 trillion IPO.Additionally, Congress’s recent decision to withhold funding for NASA’s planned 2031 Mars sample-return mission has led to a reassessment of Rocket Lab’s long-term opportunities in deep space.The company is otherwise looking ahead to its Cassowary Vex mission, its fourth hypersonic test in less than six months, deploying its HASTE vehicle for the Defense Innovation Unit in a bid to reduce testing costs and accelerate launch ...Full story available on Benzinga.com