RKLB is trading at $74.05 (-3.3%) during today's open session as the stock tracks broader market weakness following disappointing economic data.
- The decline follows a 2.9% rally on February 19, which was fueled by SpaceX valuation hype and hypersonic mission preparations.
- Today's move aligns with a 0.39% slip in the Nasdaq after Q4 GDP was reported at 1.4%, significantly missing the 2.5% expectation.
- Market sentiment is further pressured by government shutdown effects, with no company-specific news currently explaining the downward move.