Why Rocket Lab USA Stock Fell in October
Shares of Rocket Lab USA (NASDAQ: RKLB) fell 12.9% in October, according to data provided by S&P Global Market Intelligence, but the stock was down as much as 24% for the month, prior to a late-month rally.
The stock is still up 40% since the beginning of September as investors try to make sense of what this space start-up is worth.
Rocket Lab only went public in late August, joining the Nasdaq via a deal with a special purpose acquisition company (SPAC), and its shares have gone on a wild ride in the short time since. The company is one of a number of space SPACs that have captured the imagination of investors, but the excitement has arguably gotten ahead of the results.
Source Fool.com
