Cathie Wood buys $44.5 million of Rocket Lab
Cathie Wood's Ark Investment Management bought 705,102 shares of Rocket Lab (RKLB) worth $44.5 million. Rocket Lab's stock is down 58% from its May high, despite record Q2 revenue of $234 million and a $2.3 billion backlog. The company remains unprofitable, with a net loss of $49.2 million in Q2. Berenberg initiated coverage with a Buy rating and $83 price target, citing space economy growth.






