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Rocket Lab Corp NASDAQ:RKLB Chief Operations Officer Frank Klein sold 41,782 shares of common stock on November 24, 2025, for approximately $1.7 million. The sales occurred in multiple transactions at prices ranging from $40.0247 to $41.3495.
The filing with the Securities and Exchange Commission (SEC) shows that the sales were executed in three separate transactions. The first transaction involved 10,430 shares; the second transaction involved 31,181 shares; and the third transaction involved 171 shares.
Following the reported transactions, Klein directly owns 1,274,223 shares of Rocket Lab Corp.
In other recent news, Rocket Lab USA reported a significant milestone by completing its 18th successful Electron launch of 2025, setting a new annual record for the company with a 100% mission success rate. This achievement highlights the company’s consistent performance and operational capabilities in the space launch sector. Additionally, Rocket Lab announced its plans to launch the first dedicated mission for the Japan Aerospace Exploration Agency (JAXA) in December, showcasing its expanding international collaborations. The mission, named "RAISE And Shine," will deploy JAXA’s RAISE-4 spacecraft from New Zealand.
In terms of financial outlook, Cantor Fitzgerald has raised its price target for Rocket Lab to $72, citing a strong backlog and maintaining an Overweight rating. This follows Rocket Lab’s robust third-quarter performance, during which it completed four successful launches. Needham also reiterated its Buy rating with a price target of $63, emphasizing the company’s revenue growth and gross margin expansion driven by its Electron launch vehicle. These developments reflect Rocket Lab’s strategic advancements and the positive sentiment among analysts regarding its future prospects.
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