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Home›Earnings›Analyst Ratings›Rocket Lab shares rebound as ARK Invest buys and acqui…

Rocket Lab shares rebound as ARK Invest buys and acquisition clears

The rally also follows shareholder approval of Rocket Lab's Iridium acquisition, with SpaceX planning a pullback from rideshare launches.

Reported · Written up by our desk · Analyst Ratings

Rocket Lab shares rebounded after hitting their lows, with MarketBeat Ratings pointing to continued buying from ARK Invest and shareholder approval of Rocket Lab's Iridium acquisition.

The outlet also linked the move to SpaceX's planned pullback from rideshare launches, while saying Neutron's debut remains the key long-term test for the company.

MarketBeat Ratings described Rocket Lab as having a Moderate Buy rating among analysts, but framed the rebound around the combination of institutional support and deal progress.

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Sources

MarketBeat RatingsRocket Lab Bounces Off Its Lows,What's Behind the Move?

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