Space company Rocket Lab USA, Inc. (RKLB) in Long Beach, Calif., operates as a provider of launch services and space system solutions for the defense and space industries. The company’s offerings include spacecraft engineering and design services, spacecraft components, and the design and manufacture of small- and medium-class rockets.
RKLB’s stock plunged on its latest semi-successful mission. The company launched the “There and Back Again” mission recently after several weather-related postponements. RKLB is working on making its Electron rocket reusable. However, during the mission the rocket's booster was cut loose by the helicopter that snagged the parachute line and it fell into the Pacific Ocean. It was then recovered and loaded onto a recovery vessel to be transported back and analyzed.
