Rocket Lab CEO Warns ‘Piping Hot’ AI And Space Trades Could ‘Go Pop’ As SpaceX-Fueled Mania Sends Valuations Soaring
CEO Peter Beck blamed RKLB’s stock volatility on macro conditions, saying the business has improved across “every single metric.” Beck said investors are buying into the sectors’ “promise and hope,” but called some valuations “very high.” Space stocks plunged on SpaceX’s June 12 debut, with RKLB down 10.8%, PL 8.8%, LUNR 13.1% and ASTS about … Read more