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Why Rocket Lab Stock Keeps Dropping

TheMotleyFool

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Why Rocket Lab Stock Keeps Dropping: https://g.foolcdn.com/editorial/images/875627/rocket-crashed-and-impacted-on-the-surface-of-a-table.jpg

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.

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 Fool.com

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