{"id":515746,"date":"2026-07-08T11:49:11","date_gmt":"2026-07-08T11:49:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/515746\/"},"modified":"2026-07-08T11:49:11","modified_gmt":"2026-07-08T11:49:11","slug":"rocket-lab-rklb-falls-hard-its-ceo-may-hold-the-answer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/515746\/","title":{"rendered":"Rocket Lab (RKLB) Falls Hard \u2014 Its CEO May Hold the Answer"},"content":{"rendered":"\n

Rocket Lab Corp. (NASDAQ:RKLB) is one of the 10 Stocks Investors Are Running Away From.<\/a> <\/p>\n

Rocket Lab extended losses for a second day on Tuesday, shedding 10.40 percent to end at $83.41 apiece, as investors mirrored its chief executive’s disposition of a significant stake in the company. <\/p>\n

In a regulatory filing on Monday, the space player said that its CEO Peter Beck has sold 5 million shares in the company on the same day, as part of his selling plan dated March 27, 2026. <\/p>\n

<\/a> <\/p>\n

Photo from Rocket Lab <\/p>\n

The sale also followed the stock’s clawback to the $100 level following recent news that it is expanding into satellite communications for $8 billion with the acquisition of Iridium Communications Inc. <\/p>\n

According to Rocket Lab Corp. (NASDAQ:RKLB), it officially signed a definitive agreement with Iridium to acquire all its issued and outstanding shares in a combination of stock and cash. <\/p>\n

The shares will be acquired at a price of $54 apiece, or a 24 percent premium over Iridium’s $43.52 closing price on Friday, prior to the announcement. <\/p>\n

Rocket Lab Corp. (NASDAQ:RKLB) said that the acquisition was in line with plans to create a competitive, vertically integrated space company that designs, builds, launches, and operates its own constellations. <\/p>\n

Upon closing, Rocket Lab Corp. (NASDAQ:RKLB) will effectively gain a foothold in the space-based applications market. <\/p>\n

“By marrying Iridium’s deep heritage, trusted infrastructure, and highly sought-after spectrum with Rocket Lab’s extensive and proven launch and manufacturing capabilities, we have the capability to unlock entirely new markets. We will go far beyond maintaining a legacy; we are going to build upon it to pioneer next-generation space applications and deliver sought-after capabilities to existing and new customers,” Beck said. <\/p>\n

While we acknowledge the potential of RKLB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the\u00a0<\/a>best short-term AI stock<\/a>. <\/p>\n

READ NEXT:\u00a033 Stocks That Should Double in 3 Years<\/a> and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy<\/a>.\u00a0 <\/p>\n

Disclosure: None. Follow Insider Monkey on Google News<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"Rocket Lab Corp. (NASDAQ:RKLB) is one of the 10 Stocks Investors Are Running Away From. Rocket Lab extended…\n","protected":false},"author":2,"featured_media":515747,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[138,251273,111,139,69,57308,89197,14892,89196],"class_list":["post-515746","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-iridium-communications","tag-new-zealand","tag-newzealand","tag-nz","tag-outstanding-shares","tag-peter-beck","tag-rocket-lab","tag-rocket-lab-corp"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/515746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=515746"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/515746\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/515747"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=515746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=515746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=515746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}