Rocket Lab: A Tale of Sky-High Hopes and Earthbound Reality
You see, Rocket Lab had just published its second-quarter earnings after yesterday’s closing bell, and for a brief moment, investors were ready to crown it king of the cosmos. Alas, human nature being what it is-a peculiar mix of greed and caution-the bloom quickly fell off the rose. Folks started taking their profits and scratching their heads over the company’s wider-than-expected loss last quarter. And yet, despite today’s lukewarm finish, the stock remains up a whopping 75% year to date. That’s no small feat, even if it does feel like watching a shooting star fizzle out before it hits the ground.