Rocket Lab (NASDAQ: RKLB) has had a brutal few weeks. After surging to a 52-week high of $151 in May, the stock has reversed hard, closing at $80.69 on June 25, down nearly 46% from that peak. It has now broken below the psychologically and technically important $100 level that served as support on the way up, leaving investors wondering where the bleeding will stop.
Into that backdrop came a meaningful piece of news this week: NASA has selected Rocket Lab for three dedicated Electron launches. The question is whether that catalyst arrives at the right moment to steady the ship.
