ARK Invest, led by Cathie Wood, has reduced its holdings in Alphabet to increase investment in Rocket Lab, a space company trading at a high valuation despite current losses. Rocket Lab's recent growth includes a 62% revenue increase and a record backlog, boosted by its acquisition of Iridium Communications, which adds recurring revenue. The upcoming launch of Rocket Lab's Neutron rocket could position it as a major player in larger satellite launches. This move reflects ARK's focus on disruptive, high-growth smaller companies rather than mega-cap giants like Alphabet.
As of Sep 24, 2026 20:32 WIB, Rocket Lab (RKLB) trades at USD 69.76, significantly below its 52-week high of USD 150.23, with a market cap of $44.96 billion and a 1-day decline of 0.78%. In contrast, Alphabet (GOOGL) is priced at USD 337.13, closer to its 52-week high of USD 402.62, boasting a massive market cap of $4.12 trillion and a smaller 1-day drop of 0.21%. Pluang data shows Rocket Lab's typical hold time is much shorter at 27 days compared to Alphabet's 83 days, reflecting different investor profiles for these tech and space sector stocks.
SpaceX stock fell 4% to $148.13 due to concerns over a large share unlock on September 24 and a $52 million stock sale by COO Gwynne Shotwell. Investors are also cautious about the company's high valuation following its June IPO, despite growth prosp...
Cantor Fitzgerald analyst Andres Sheppard reaffirmed an Overweight rating and $122 price target on Rocket Lab, highlighting the upcoming debut of its Neutron rocket as a unique commercial competitor to SpaceX's Falcon 9. The firm views Rocket Lab as ...
Redwire shares surged 8% in a single session, partially recovering from a 3% decline over the past month amid a broader sell-off in space stocks. The drop in Redwire and its peers like Rocket Lab and Intuitive Machines reflects a sector-wide re-ratin...
Rocket Lab shares climbed 7% following Cantor Fitzgerald's reaffirmation of an Overweight rating and a $122 price target, citing the company's strong launch record and diverse customer base. The stock's rise comes amid gains in other space sector sto...
