Rocket Lab Shares Slip as Space Force Contract Fails to Halt Selloff - Rocket Lab (NASDAQ:RKLB)

Rocket Lab’s shares slid Tuesday as investors looked past a large U.S. Space Force award after the contract failed to stop the stock’s selloff. Rocket Lab was selected for a $266 million Space Force deal covering 12 suborbital launches, with missions expected to begin no earlier than the end of 2026. Work is tied to Alaska’s Pacific Spaceport Complex and runs through Dec. 31, 2028. The contract also includes options for six additional HASTE missions (up to 18 total). At publication, RKLB was down 9.55% to $60.55, trading below key moving averages.