Rocket Lab USA, Inc. (RKLB) saw its shares plummet 12.51% in the 24-hour period ending Thursday evening, amid concerns over its weaker-than-expected guidance for the first quarter of 2025 and rising competition in the space industry.
The aerospace company reported fourth-quarter 2024 revenue of $132.4 million, beating analysts' estimates of $130.6 million. However, Rocket Lab's revenue guidance for the first quarter of 2025 fell short of expectations, with the company projecting revenue between $117 million and $123 million, compared to analysts' estimates of $135.7 million.
The weaker-than-anticipated Q1 guidance appears to be the primary driver behind the stock's sharp decline, as Rocket Lab's shares fell significantly in after-hours trading following the earnings release. Investors likely reacted negatively to the disappointing outlook, which could signal potential challenges ahead for the company.
Additionally, the space industry has witnessed increased activity and competition, with companies like Intuitive Machines and Firefly Aerospace making strides in their lunar exploration efforts and securing contracts. This heightened competition could potentially impact Rocket Lab's market position and future prospects, further weighing on investor sentiment towards the stock.
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