Rocket Lab’s stock slides as the company pushes back Neutron’s first launch
Summary
Rocket Lab shares experienced a decline following the announcement that its medium-lift rocket, designed to compete with SpaceX, will not launch this year. The initial flight of the Neutron vehicle has been officially delayed, pushing back the company's timeline for entering the market.
Neutron, a medium-lift rocket meant to rival SpaceX’s Falcon 9, will no longer launch this year.
Source: Read the full story at MarketWatch.com - Top Stories
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