Why Rocket Lab USA Inc. (RKLB) stock went down in the after-hours on Wednesday?

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ZSAN Stock
ZSAN Stock

Rocket Lab USA Inc. (RKLB) shares declined 3.56% in after-hours on Wednesday, December 22, 2021, and closed at $11.92. However, in the regular trading session, RKLB’s stock gained 1.39%. RKLB shares have risen 20.70% over the last 12 months, and they have moved down 2.14% in the past week. Over the past three months, the stock has lost 12.65%, while over the past six months, it has gained 20.12%.

Let’s briefly discuss its recent news and developments.


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Redemption of all Outstanding Warrants

On December 22, 2021, Rocket Lab USA, Inc. (RKLB) announced that it will redeem all of its outstanding public warrants to purchase shares of the Company’s common stock that were issued by and among Rocket Lab USA, Inc., and Continental Stock Transfer & Trust Company.

RKLB to acquire SolAero Holdings

On December 13, 2021, Rocket Lab USA, Inc. (RKLB) signed a definitive agreement to acquire SolAero Holdings, Inc for $80 million in cash. The acquisition is expected to close in the first quarter of 2022.

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SolAero was founded in 1998 and is based in Albuquerque, New Mexico. Its solar cells, solar panels, and composite structural products have supported more than 1,000 successful space missions with 100% reliability and mission success to date.

RKLB 109th Satellite to Orbit

On December 09, 2021, Rocket Lab USA, Inc. (RKLB), successfully deployed two satellites to orbit for real-time geospatial intelligence company BlackSky, bringing the total number of satellites deployed by Rocket Lab to 109.

RKLB agreement with Synspective

On December 07, 2021, Rocket Lab USA, Inc. (RKLB), signed a deal with Japanese Earth-imaging company Synspective to carry out three dedicated Electron launches.

The first two missions are scheduled for lift-off in 2022, with a third to follow in 2023. Each mission will deploy a single StriX satellite, growing Synspective’s synthetic aperture radar (SAR) constellation developed to deliver imagery that can detect millimeter-level changes to the Earth’s surface from space, independent of weather conditions on Earth and at any time of the day or night.

New details about the Neutron launch vehicle

On December 02, 2021, Rocket Lab USA, Inc. (RKLB) revealed new details about the next generation Neutron launch vehicle in a virtual event streamed via Rocket Lab’s YouTube channel.

RKLB completed Planetary Systems Corporation acquisition

On December 01, 2021, Rocket Lab USA, Inc. (RKLB) closed the previously-announced transaction to acquire Planetary Systems Corporation (PSC), for $42 million in cash and 1,720,841 shares of the Company’s common stock.

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Conclusion

The redemption of all outstanding warrants was the catalyst behind its loss in the after-hours on Wednesday. we hope that it will recover its loss in the coming trading sessions.

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