# Rocket Lab Shares Fall 3.7% After Closing at $65.71

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/30981
Published: 2026-10-13T09:34:29.000Z
Updated: 2026-10-13T09:34:29.000Z
Section: Investing

> Rocket Lab advanced Neutron, expanded its Electron launch backlog and disclosed a September CFO stock sale.

Rocket Lab Corporation (Nasdaq: RKLB) shares closed at $65.71 on Monday, down 3.67% from the previous session.

The stock fell $2.50 from its Oct. 9 close of $68.21. It reached an intraday low of $65.12, with trading volume of approximately 14.5 million shares.

Rocket Lab Chief Financial Officer Adam Spice exercised 140,157 options at $1.09 per share on Sept. 2 and sold the same number of shares under a Rule 10b5-1 trading plan adopted June 3. The sales generated approximately $8.78 million through two transactions involving 67,257 shares at a weighted average price of $62.2564 and 72,900 shares at $62.9704.

Rocket Lab later announced a multiyear agreement with Tokyo-based Synspective for 20 dedicated Electron launches. The missions will carry StriX synthetic-aperture radar satellites and are scheduled annually from 2028 through 2031. Financial terms were not disclosed, and the agreement brings Synspective’s total Electron missions to 47.

Rocket Lab’s backlog was $2.36 billion as of June 30, an increase of 137% from a year earlier. Second-quarter revenue reached $234 million.

Hardware for the first flight of Neutron, Rocket Lab’s reusable medium-lift rocket, was progressing toward delivery to the launch pad in the fourth quarter of 2026. Neutron has not yet flown, while Electron serves the small-lift launch market.

Rocket Lab and Iridium also announced a proposed acquisition combining Rocket Lab’s launch and satellite-manufacturing businesses with Iridium’s satellite network and spectrum assets. The proposed transaction would expand Rocket Lab’s presence in satellite communications and increase its overlap with SpaceX’s broader space business.

Rocket Lab founder and CEO Sir Peter Beck described the Synspective agreement as a strong endorsement of Electron’s launch cadence, mission reliability and orbital precision.