Rocket Lab shares dropped 30% over the past month even as first-quarter revenue jumped 63% year over year to a record $200 million. The company also posted a narrower-than-guided adjusted operating loss and completed its acquisition of Mynaric during the quarter. The sell-off was partly driven by free cash flow of negative $77 million, a wider loss than analysts expected. CEO Peter Beck highlighted Rocket Lab's vertically integrated model as a long-term advantage for cost management and margins.
