Why Rocket Lab Popped, Then Dropped Today
Source: Motley Fool
2025-03-12 12:53:31 ET
Rocket Lab (NASDAQ: RKLB) stock took investors on a wild ride on Wednesday. Spiking more than 11% in pre-market trading, and still up nearly 9% as the market opened, shares of the space stock have fallen steadily in the hours since. As of 11:35 a.m. ET, Rocket Lab stock remains only barely in the green -- up 0.5%.
But what made Rocket Lab stock rise in the first place, and why has it given up most of its gains?
We'll begin with the good news: First, Rocket Lab is buying its German subcontractor Mynaric AG, a maker of laser communication devices for long-distance data transmission in space, in the air, and on land.
Rocket Lab Corporation
NASDAQ: RKLB
RKLB Trading
-7.12% G/L:
$123.29 Last:
12,925,843 Volume:
$128.10 Open:
RKLB Latest News
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Space Stock Face-Off: Is Rocket Lab or AST SpaceMobile Worth Your Money Right Now?RKLB Stock Data
$38,475,280,666
470,591,729
0.12%
23
N/A
Aerospace & Defense
Industrials
US
Long Beach
