Rocket Lab shares fell for the eighth consecutive day. The company has erased over 32% of its market value during this period.
The sell-off follows an October 14 announcement regarding the next-generation Neutron rocket. Rocket Lab delayed the inaugural launch from late 2026 into 2027. Manufacturing issues with a propellant tank dome caused the postponement.
The stock fell nearly 8% on October 16 alone. This decline has wiped out approximately $15.3 billion in market capitalization. Citizens cut its price target on the stock following the news.