Rocket Lab Is Raising Prices -- and Happy About It

Small rocket manufacturing company Rocket Lab (NASDAQ: RKLB) (which despite its size is the second-most frequent rocket launcher in the U.S.) took investors for quite a wild ride last week, shooting up more than 40% Wednesday morning, then giving back much of its gain in the afternoon leading into Thursday... before turning around and winning back much of its gains on Friday. Rocket Lab reported its Q3 earnings last week, and by "earnings" I mean losses, because Rocket Lab didn't actually earn anything last quarter. Despite growing sales 55% and beating its launch record for all of 2023 with months to spare in 2024, Rocket Lab actually lost $0.10 per share for the quarter.