SpaceX Slashes IPO Valuation to $1.8T, Rocket Lab Shares Drop 2%
RKLB•Rocket Lab USA shares fell about 2% after SpaceX reduced its IPO valuation target to $1.8 trillion from earlier expectations above $2 trillion. The company’s stock had benefited from recent government and defense contracts, but investor optimism cooled following revised SpaceX funding projections.
1. RKLB Shares Slip 2% After SpaceX Valuation Downgrade
Rocket Lab USA stock declined roughly 2% in overnight trading as investors recalibrated expectations following SpaceX’s announcement that it will seek an IPO valuation of $1.8 trillion, down from prior forecasts above $2 trillion.
2. Government and Defense Projects Underpin Rocket Lab
RKLB has secured multiple major contracts with U.S. defense and space agencies over the past year, including launch services and satellite deployment agreements, providing a stable revenue pipeline despite sector volatility.
3. Sector Sentiment and Upcoming SpaceX IPO Milestones
Market sentiment in the space industry hinges on SpaceX’s planned marketing launch on June 4 and potential pricing by June 11, with the offering targeting up to $75 billion and likely influencing sectorwide stock movements.
