RKLB news
The r/RKLB community is navigating a sea of red this Thursday, July 16, 2026, as Rocket Lab's stock tumbled over 11% to hit a three--month low near $67.00. The primary catalyst was Piper Sandler initiating coverage with a 'Neutral' rating and an $83.00 price target, while naming AST SpaceMobile as their 'top pick' in the sector. Redditors are also attributing the drop to a broader 'space sector contagion' following a massive $1 billion debt offering by ASTS and continued capital rotation into the newly public SpaceX. Despite the price action, many users on the sub are urging calm, pointing to the company's record--breaking $2.2 billion backlog and the successful VICTUS HAZE mission as evidence that the underlying business is stronger than ever. Some are even calling the $67 level a 'solid floor' due to the specific share--exchange terms of the ongoing Iridium acquisition.