Why Rocket Lab Stock Keeps Dropping
SpaceX is sucking all the air -- and cash -- out of the space market.
Why Rocket Lab Stock Keeps Dropping
Overview
Is Space Exploration Technologies (NASDAQ: SPCX) stock bad for space stocks? In a year when Rocket Lab (NASDAQ: RKLB) stock more than doubled ahead of the SpaceX IPO, that seems a strange question, but here's the thing:
SpaceX might be both good and bad for space stocks like Rocket Lab.
Details
Case in point: This morning, SpaceX announced plans to float (a rumored) $20 billion of debt in what it's calling its "Inaugural Bond Issuance." SpaceX stock is down 10.7% through 1:10 p.m. ET on the news, and Rocket Lab is down 7.2%.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
