Is Rocket Lab (RKLB) Stock a Buy While Cathie Wood Is Loading Up?
TLDR
- RKLB stock has risen 43.7% over the past year, far outpacing its industry peers.
- Cathie Wood’s ARK Investment Management bought over 705,000 RKLB shares across two sessions, worth roughly $44 million.
- Neutron’s end-of-year launch window is “narrowing,” according to CEO Peter Beck, making it both the biggest catalyst and the biggest risk.
- NASA awarded a $700 million Mars communications contract to Blue Origin, a blow to sentiment.
- RKLB’s backlog hit a record $2.36 billion, up 137% year over year, providing near-term revenue coverage.
Rocket Lab (RKLB) stock is trading around $62.54, down 2.2% on Tuesday and off more than 50% from its May record high. Despite the slide, ARK Investment Management has been buying aggressively, picking up 705,102 RKLB shares over two sessions for roughly $44 million.
That includes 504,799 purchased Tuesday alone across three ARK ETFs, worth about $31.6 million at Tuesday’s close.
The buying comes as RKLB has fallen in nine of its last 10 sessions, and then slipped further after hours.
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