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Why Rocket Lab Stock Popped Then Dropped

TheMotleyFool

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Why Rocket Lab Stock Popped Then Dropped: https://g.foolcdn.com/editorial/images/870764/chalkboard-drawing-of-an-ipo-and-a-rocketship-going-up.jpg

SpaceX IPO excitement is reaching a fever pitch, driving space stock prices up sharply this morning -- in the case of Rocket Lab (Nasdaq: RKLB), even absent other news.

Rocket Lab stock, the tiny rocket launcher that's been described as a mini-SpaceX (or even a chance to buy a SpaceX lookalike back when it was still small), jumped nearly 11% out of the gate this morning before reversing and giving back nearly all its gains. As of 10:05 a.m. ET Rocket Lab is up 3%.

Image source: Getty Images.

Source Fool.com

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