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Rocket Lab's Trading Volume Plummets 49.73% to 4.55 Billion, Ranking 193rd Despite $275 Million Geost Acquisition
Generated by AI AgentAinvest Volume Radar
Thursday, May 29, 2025 7:33 pm ET1min read
On May 29, 2025,
(RKLB) experienced a significant decline, with its trading volume dropping by 49.73% to 4.55 billion, ranking 193rd in the day's market activity. The stock price fell by 5.46%.Rocket Lab has announced its acquisition of Geost, a move that marks the company's formal entry into the satellite payload segment. This strategic acquisition is set to strengthen Rocket Lab's position as a provider of end-to-end space solutions, enhancing its capabilities in the satellite payload market.
The acquisition of Geost is valued at $275 million, with $125 million paid in cash and $150 million in
stock, along with potential cash earn-outs of up to $50 million. This purchase is expected to bolster Rocket Lab's technological prowess and market presence in the satellite industry.Following the announcement, Needham reaffirmed its Buy rating on Rocket Lab and increased its price target from $28 to $32, reflecting the positive outlook on the company's future prospects. This move underscores the market's confidence in Rocket Lab's strategic direction and growth potential.
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