Major Insider Selling at Rocket Lab Amidst Aggressive Growth Plans

The space sector continues to experience a remarkable boom, and Rocket Lab USA has been a standout performer, with its stock surging an extraordinary 575% over the past year. However, this impressive run is now accompanied by a significant development: substantial insider selling. The Equatorial Trust divested shares worth $127.4 million over a two-day period, raising questions about whether this move is a simple profit-taking exercise or a signal of deeper concerns not yet apparent to the broader market.

Coinciding with these insider transactions, Rocket Lab has significantly bolstered its financial strategy. The company revealed a new at-the-market (ATM) stock offering program authorized to raise up to $750 million. This represents a 50% increase from its previous $500 million program, of which approximately $397 million had already... Read more...