Rocket Lab Shares Tumble as Neutron Delay Overshadows Record Results

Rocket Lab USA US7731221062

Despite posting what appeared to be stellar third-quarter figures, Rocket Lab USA saw its stock price plummet. The market’s harsh reaction, a drop of approximately 40% from recent highs, was triggered not by past performance but by a significant postponement of its future-facing Neutron rocket program, casting doubt on the company’s ambitious growth trajectory.

The core business of Rocket Lab is demonstrating remarkable strength. The company reported a record $155 million in revenue for the third quarter, a surge of 48% that surpassed Wall Street’s expectations. Operational efficiency was also better than anticipated, with a loss per share of just $0.03, significantly lower than the projected $0.10 loss.