Rocket Lab USA, Inc. (RKLB) saw its shares drop sharply by 5.11% during Monday's intraday session, extending losses after a successful launch for the Japan Aerospace Exploration Agency (JAXA). The decline reflects a broader sell-off in the space technology sector.
The plunge was driven by two key factors: First, Rocket Lab's Officer Peter Beck proposed to sell 2.5 million shares worth ~$138.53 million, signaling potential insider caution. Second, traders cashed in gains after the stock's 141% year-to-date rally, with the JAXA launch failing to exceed high expectations. Analysts noted the stock's rich valuation (35x 2026 sales) amplified the sell-off.
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