Rocket Lab shares fell to $70.90, extending a downward trend as the company faces delays for its first Neutron rocket launch. Despite a broader market rally, investor sentiment remains pressured by technical setbacks and rising costs ahead of the February 26 earnings report.
- The Neutron launch is now expected in late 2026 or early 2027 following a tank rupture during testing in January.
- While a $816 million Space Force contract provides a strong backlog, rising R&D expenses and technical delays continue to weigh on the stock.
- Shares closed down 5.02% from the prior session, underperforming the broader market despite robust U.S. jobs data.