Rocket Lab reported 69% sales growth in Q1, and says it could grow 77% in Q2. Citigroup rates the stock a buy, but lowered its price target slightly in response to a slight sales miss.
Ark Invest bought shares of Palantir, Datadog, and Rocket Lab USA on Tuesday. All three stocks moved lower after their companies posted quarterly results this week.

Why Rocket Lab Stock Just Tumbled 8%

10:43am, Tuesday, 07'th May 2024
Rocket Lab beat on earnings but missed on sales last night. The rocket company still grew its sales by 69% in Q1 and plans to grow by 69% to 77% in Q2.
Laser Communications Manufacturer Expands Customer Roster LOS ANGELES, CA / ACCESSWIRE / May 7, 2024 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalabl
AUSTIN, Texas--(BUSINESS WIRE)--CesiumAstro, an industry leader in active phased array communications technology for space and airborne systems, announced today that the company was selected by Rocket
Rocket Lab USA, Inc. (NASDAQ:RKLB ) Q1 2024 Earnings Conference Call May 6, 2024 5:00 PM ET Company Participants Murielle Baker - Communications Manager Peter Beck - Founder & CEO Adam Spice - CFO Con
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Redwire Corporation (NYSE: RDW), a leader in space infrastructure for the next generation space economy, announced it has been contracted by Rocket Lab USA, Inc (N
LONG BEACH, Calif.--(BUSINESS WIRE)--Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced it has completed
LONG BEACH, Calif.--(BUSINESS WIRE)--Rocket Lab Selects Subcontractors to Support SDA Satellite Constellation Development.
LONG BEACH, Calif.--(BUSINESS WIRE)---- $RKLB--Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today shared the finan
Rocket Lab USA is in the right place at the right time with the right solution. The amount of digital data is exploding, and Confluent helps companies get a handle on this challenge.
Space stocks are becoming increasingly appealing to investors as broader market indices, such as the S&P 500, experience declines. This market downturn presents a unique opportunity.
Rocket Lab's (RKLB) Q1 results are likely to reflect favorable contributions from launch services and space systems units' revenue growth amid the adverse impacts of increased operating expenses.
Rocket Lab has a backlog of $1.04 billion, primarily driven by a contract from the Space Development Agency, with $400 million expected to be recognized as revenue in 2024. RKLB recently won a contrac
Rocket Lab USA, Inc. (RKLB) closed at $3.80 in the latest trading session, marking a +0.8% move from the prior day.
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