Rocket Lab USA Stock Is Plunging On Tuesday - What's Going On?
Portfolio Pulse from Anusuya Lahiri
Rocket Lab USA, Inc (NASDAQ:RKLB) stock is trading lower after the company's 41st mission faced technical issues leading to premature termination. The company has expressed regret to its partner, Capella Space, and is working with the Federal Aviation Administration (FAA) to investigate the issue. The incident has led to the postponement of Rocket Lab's next mission and the company is expected to provide revised guidance on Q3 revenue soon.
September 19, 2023 | 12:33 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Rocket Lab's stock is trading lower due to technical issues in its 41st mission. The company's next mission has been postponed and revised Q3 revenue guidance is expected.
The technical issues in Rocket Lab's 41st mission have led to a drop in the company's stock price. The postponement of the next mission and the expected revision in Q3 revenue guidance are likely to further impact the stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100