Rocket Lab USA Inc.CEO warns window for Neutron test launch narrowing, impacting future revenue and EBITDA.
SpaceX, AST SpaceMobile, and Rocket Lab shares fell on Monday despite President Trump's memo targeting at least 1,000 launches and re-entries annually by 2030. SpaceX stock dropped 3% to $133.48, AST SpaceMobile fell 3% to $66.85, and Rocket Lab slipped 2% to $71.22, while the Procure Space ETF declined just 0.4% to $45.75. Rocket Lab CFO Adam Spice said a successful Neutron test launch would flip the company to meaningfully adjusted EBITDA positive the following quarter, but CEO Peter Beck warned the window for an end-of-year launch is narrowing. The memo directs agencies to identify federal land for new launch and re-entry sites, name a new federal re-entry site within 90 days, expedite permitting, speed environmental reviews, and secure wireless spectrum.
Rocket Lab USA Inc.CEO warns window for Neutron test launch narrowing, impacting future revenue and EBITDA.
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