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Rocket Lab shares fall on Neutron launch delay and Iridium acquisition push

Stocktwits +1 ·

RKLB Rocket Lab Corp
$59.18 -7.85%
View chart & analysis →
IRDM IRDM -2.03%
  1. 1Rocket Lab postponed the first flight of Neutron to 2027 due to microscopic air pocket issues inside the carbon composite dome.
  2. 2RKLB shares fell 8% on Wednesday, bringing the weekly decline for RKLB to 13%.
  3. 3Iridium shareholders showed a 99.6% approval rate for the acquisition proposal last month.

So what's the key point?

Rocket Lab shares fell 8% as the company pushed its rocket launch date to 2027. While there is a move to acquire Iridium, the stock price has dropped 13% this week.

Source Stocktwits +1 · View original ↗

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