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Why Rocket Lab Stock Plummeted This Week
The stock fell 25.1% as investors cut exposure to space names after Blue Origin and SpaceX news, while a strong jobs report raised rate-hike worries.
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2 Articles
2 Articles
Why Rocket Lab Stock Plummeted This Week
Key PointsRocket Lab stock sank this week as investors reacted to last week's Blue Origin explosion, SpaceX IPO news, and macroeconomic pressures. Space stocks fell after SpaceX set a $1.77 trillion IPO valuation -- down from previous expectations for a valuation of as much $2 trillion. A strong jobs report has investors worried that the Federal Reserve will raise interest rates. 10 stocks we like better than Rocket Lab › Rocket Lab (NASDAQ: RKL…
·Alexandria, United States
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Total News Sources2
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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