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Rocket Lab's stock plunges 64% despite growing backlog and expanding space infrastructure business.

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02 Nov 2026, 04:43 WIB
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Rocket Lab's stock plunges 64% despite growing backlog and expanding space infrastructure business.

Rocket Lab's shares have dropped 64% since May, reflecting investor concerns despite strong operational growth. The company now earns most revenue from spacecraft manufacturing rather than launches, with a backlog growing faster than revenue. Its planned acquisition of Iridium could add recurring satellite communications revenue, but delays in the Neutron rocket and increased financing needs raise risks. Upcoming earnings on November 9 will be critical to assess if Rocket Lab can convert its expanding space infrastructure into sustainable profits.

Rocket Lab's stock trades at USD 55.83 on Pluang as of November 2, 2026, down 4.73% for the day. The company's market capitalization stands at $34.99 billion, reflecting significant investor interest despite recent volatility. Its 52-week price range on Pluang spans from $39.48 to $150.23, highlighting the stock's wide fluctuations this year.

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