Rocket Lab USA Reports Loss Of Mission; Stock Plummets

(RTTNews) - Rocket Lab USA, Inc. (RKLB) said it experienced an issue during the launch of the 41st mission. The company stated that following lift-off from Launch Complex 1, the rocket successfully completed a first stage burn and stage separation as planned, before an issue was experienced at around T+ 2 minutes and 30 seconds into flight, resulting in the end of the mission.

Rocket Lab USA's next mission, currently scheduled before the end of the third quarter, will be postponed.

The company expects to provide revised third quarter revenue guidance in the coming days.

Shares of Rocket Lab USA are down 16% in pre-market trade on Tuesday.