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Rocket Lab stock drops 30% despite 137% backlog growth and 100% upside potential amid Neutron launch delay.

Market News
25 Oct 2026
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Neutral
Rocket Lab stock drops 30% despite 137% backlog growth and 100% upside potential amid Neutron launch delay.

Rocket Lab's stock has fallen nearly 30% in a month following a delay in the Neutron rocket launch due to a defect in its carbon-composite tank. Despite this, the company's backlog surged 137% year over year to $2.36 billion, driven by defense contracts and the Iridium Communications acquisition, which adds recurring revenue. Analysts see over 100% upside potential with a price target of $68.07, citing strong defense business growth and a growing communications network. Risks include further delays, dilution, and regulatory scrutiny, but the company's expanding backlog and strategic deals suggest significant long-term growth.

Rocket Lab USA Inc (RKLB) trades at USD 52.60 on Pluang as of Oct 25, 2026 23:11 WIB, showing a 1-day gain of 2.69%. The stock's market cap stands at $33.63 billion, with a 52-week low of $39.48 and a high of $150.23. Despite recent setbacks mentioned in the article, Pluang investors currently show 100% buy order activity, indicating strong interest in the stock.

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