RKLB is trading at $69.93 (-11.02%) as shares fall sharply following Rocket Lab's announcement of a $1 billion common stock offering, which has raised significant dilution concerns among investors.
- The planned equity distribution agreement offsets a 10% gain from the previous session driven by Neutron rocket progress and a major contract win.
- The decline is exacerbated by a broader market sell-off, with major indices dropping over 1% amid persistent inflation fears and global oil supply shocks.