RKLB is trading at $68.85, up 3.8% in pre-market as the stock stabilizes near technical support following a sharp selloff triggered by the cancellation of a key Mars mission.
- Shares fell nearly 20% over the last two sessions after Congress scrapped a $4 billion Mars sample-return contract, previously viewed as a major growth catalyst.
- Broader market momentum is supporting the bounce, with the S&P 500 and Nasdaq trading up 0.57% and 0.78% respectively.
- Fundamental support remains intact via the company's core launch business, which continues to show 48% year-over-year revenue growth.