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Why Rocket Lab Stock Just Dropped 10%

TheMotleyFool

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Why Rocket Lab Stock Just Dropped 10%: https://g.foolcdn.com/editorial/images/758463/rocket-lab-electron-preparing-for-launch-in-december-on-wallops-island-is-rklb.jpg

Good news became bad news for Rocket Lab USA (NASDAQ: RKLB) on Friday after the company announced its successful return to launch operations for the first time since a mishap resulted in the destruction of an Electron rocket in September -- and the stock promptly fell.

As of 2:50 p.m. ET, Rocket Lab stock is down 9.6%.

This is...a bit strange, to say the least, because, by all accounts, Rocket Lab's launch went swimmingly. Launching out of New Zealand this morning, a Rocket Lab Electron rocket successfully deployed an Earth-imaging satellite for its customer, Japan's Institute for Q-shu Pioneers of Space, Inc. (iQPS).

Source Fool.com