Peter Beck's Rocket Lab Fell 30% in a Month While Revenue Grew 63%
Rocket Lab's revenue continues surging to record highs, while the stock is down.
Overview
Shares of Rocket Lab (NASDAQ: RKLB) had a rough summer. At one point over the past month, the stock was down more than 30%. Even after a rebound, it's still down about 13% over that span.
That dip comes even as the business continues to grow at a healthy clip. First-quarter revenue jumped 63% year over year to a record $200 million, driven by stronger demand for launch services and space systems.
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Originally published at www.fool.com.
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