Rocket Lab, Planet Labs, and Intuitive Machines declined sharply during Tuesday trading without a single company-specific headline. The selloff appeared coordinated across launch, Earth observation, and lunar services names. The move followed unusually strong runs, with Rocket Lab up 413% over the past year and Planet Labs up 111%, while Intuitive Machines rose 172% over twelve months. Retail sentiment on Rocket Lab shifted from very bullish to bearish, and a viral leveraged recovery trade post reflected euphoria. Prediction-market odds for a down close in Rocket Lab were priced at 99%. Despite the pullback, the underlying fundamentals remained supported by revenue growth, large backlogs, and ongoing government and agency wins.
"There's no single company-specific headline driving the move in Rocket Lab, Planet Labs, or Intuitive Machines. The selloff looks coordinated across the complex, hitting launch, Earth observation, and lunar services names at once. After monster runs into this week, that's a textbook profit-taking setup."
"Rocket Lab stock entered the session up a stunning 413% over the past year. Planet Labs stock was the real eye-catcher, sitting on a 111% one-year gain. Intuitive Machines stock wasn't far behind, up 172% over twelve months heading into today's session. When three names move that vertically in the same theme, the eventual reset tends to come together too."
"The prediction-market crowd already sees it. Polymarket's daily direction market for RKLB stock priced the odds of a down close today at 99%, conviction that lines up almost exactly with the intraday move."
"Rocket Lab's fundamentals support the narrative, with Q1 FY2026 revenue of $200.35 million, up 64% year over year (YoY), and a backlog of $2.2 billion. Its Neutron rocket debut remains the major catalyst later this year. Planet Labs has been stacking government wins, including a National Reconnaissance Office (NRO) renewal, a NASA task order worth $1"
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]