Korea Investment CORP Acquires Shares of 698,238 Rocket Lab Corporation $RKLB

Korea Investment CORP acquired a new stake in shares of Rocket Lab Corporation (NASDAQ:RKLB) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 698,238 shares of the rocket manufacturer’s stock, valued at approximately $70,976,000.

A number of other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Rocket Lab during the 2nd quarter valued at about $4,124,970,000. Bank of New York Mellon Corp purchased a new stake in Rocket Lab in the 2nd quarter worth approximately $245,764,000. Vanguard Group Inc. lifted its holdings in Rocket Lab by 13.4% in the 4th quarter. Vanguard Group Inc. now owns 47,420,192 shares of the rocket manufacturer’s stock worth $3,308,033,000 after buying an additional 5,610,469 shares during the period. Norges Bank bought a new stake in shares of Rocket Lab in the 4th quarter worth approximately $341,036,000. Finally, Alliancebernstein L.P. grew its position in shares of Rocket Lab by 818.8% in the 3rd quarter. Alliancebernstein L.P. now owns 2,190,132 shares of the rocket manufacturer’s stock worth $104,929,000 after buying an additional 1,951,755 shares during the last quarter. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Rocket Lab Trading Down 0.5%

NASDAQ RKLB opened at $72.57 on Friday. The firm has a market capitalization of $43.42 billion, a PE ratio of -268.77 and a beta of 2.60. The stock’s 50 day moving average is $81.86 and its 200 day moving average is $85.21. Rocket Lab Corporation has a twelve month low of $37.57 and a twelve month high of $151.00. The company has a quick ratio of 4.98, a current ratio of 5.48 and a debt-to-equity ratio of 0.01.

Rocket Lab (NASDAQ:RKLB) last posted its quarterly earnings data on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The firm had revenue of $234.07 million during the quarter, compared to the consensus estimate of $231.62 million. Rocket Lab had a negative return on equity of 6.48% and a negative net margin of 21.51%. Research analysts forecast that Rocket Lab Corporation will post -0.2 earnings per share for the current fiscal year.

Trending Headlines about Rocket Lab

Here are the key news stories impacting Rocket Lab this week:

• Positive Sentiment: Rocket Lab successfully completed its 93rd Electron mission, deploying an Earth-imaging satellite for Japan’s iQPS. The launch was the company’s 14th of 2026 and extended a 100% success streak for iQPS missions. Nine additional dedicated iQPS launches are booked through 2030, supporting future revenue visibility. Rocket Lab launches 93rd Electron mission
• Positive Sentiment: Recent U.S. Space Force and defense awards are strengthening Rocket Lab’s position as a national-security contractor. Highlights include participation in the NITE-STAR program, with a potential ceiling of $981 million, a protected military communications satellite-bus role, the $397 million Flatellite contract, and a record $266 million missile-defense launch award. The company’s backlog reportedly exceeds $2.3 billion.
• Positive Sentiment: CEO Peter Beck said the proposed $8 billion Iridium acquisition is intended to expand Rocket Lab’s satellite-communications capabilities without directly competing with SpaceX’s Starlink. Management is positioning the deal as a differentiated communications offering, although investors will weigh its strategic benefits against transaction and execution risks. Rocket Lab CEO discusses Iridium deal
• Neutral Sentiment: Analysts remain broadly optimistic, with a reported median price target of $120 and a separate consensus average of $110.65. However, these targets depend heavily on continued contract growth and successful Neutron development.
• Negative Sentiment: Rocket Lab remains unprofitable and recently missed quarterly EPS expectations despite beating revenue estimates. Heavy spending on Neutron has pressured margins, while a first-stage tank issue has pushed Neutron’s debut to the fourth quarter, delaying a major potential growth catalyst.
• Negative Sentiment: Valuation remains demanding after the sell-off, with the company trading at a very high sales multiple and carrying a negative earnings profile. In addition, reports show extensive insider selling—including sales by CEO Peter Beck—without reported insider purchases, which may weigh on sentiment.
• Negative Sentiment: Higher oil prices and rising long-term interest rates have raised concerns about an economic slowdown and weaker industrial orders across aerospace-related stocks. The post-IPO volatility in SpaceX has also continued to pressure the broader space sector.

Insider Transactions at Rocket Lab

In related news, SVP Arjun Kampani sold 88,000 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $107.98, for a total transaction of $9,502,240.00. Following the sale, the senior vice president owned 264,705 shares of the company’s stock, valued at $28,582,845.90. The trade was a 24.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alexander R. Slusky sold 40,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $123.60, for a total transaction of $4,944,000.00. Following the completion of the sale, the director owned 334,675 shares in the company, valued at approximately $41,365,830. This trade represents a 10.68% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 3,749,294 shares of company stock worth $351,008,208. 8.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Bank of America upped their target price on Rocket Lab from $105.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Needham & Company LLC reissued a “buy” rating on shares of Rocket Lab in a research report on Tuesday, August 11th. Craig Hallum upped their price objective on shares of Rocket Lab from $98.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Piper Sandler initiated coverage on shares of Rocket Lab in a research report on Wednesday, July 15th. They issued a “neutral” rating and a $83.00 target price for the company. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $130.00 target price on shares of Rocket Lab in a research note on Tuesday, August 11th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $110.65.

Rocket Lab Profile

Rocket Lab is an aerospace company that provides launch services, spacecraft, and space systems for commercial and government customers. The company’s primary launch vehicle is Electron, a small-lift orbital rocket designed to deploy small satellites and rideshare payloads to low Earth orbit. Rocket Lab also develops and manufactures the Rutherford engine, noted for its electric-pump-fed design and additive-manufactured components, which powers Electron and supports the company’s propulsion capabilities.