RKLB is trading at $69.90 (-11.06%) in after-hours following the announcement of a $1 billion common stock offering.
- The filing with agents including BofA Securities and Goldman Sachs sparked significant dilution fears, reversing a prior 10% gain.
- While the broader market is facing pressure with the S&P 500 down 1.49%, the capital raise is the primary driver of the sharp price reversal.