Rocket Lab founder appears to have executed his previously announced stock sale, RKLB closes down 7.37%
2026-07-07 01:34
Odaily Planet Daily News According to the latest Form 144 filing, commercial space company Rocket Lab (RKLB) founder and CEO Peter Beck plans to sell 5 million common shares around July 6, valued at approximately $465 million.
Peter Beck had previously announced this stock sale. In March of this year, Rocket Lab announced that Peter Beck planned to sell up to 5 million common shares of the company through Goldman Sachs. The sale window could open as early as the end of June 2026 and would close by July 8, 2026. On the day of the announcement, RKLB's share price was $60.9.
U.S. stock market data shows that RKLB closed at $93.09 yesterday, down 7.37%.
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