Rocket Lab founder appears to have executed a planned stock sale, RKLB closes down 7.37%

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, Rocket Lab announced that Peter Beck planned to sell up to 5 million common shares of the company through Goldman Sachs, with the sales window potentially opening as early as late June 2026 and closing no later than July 8, 2026. On the day of the announcement, RKLB's stock price was $60.9.

U.S. stock market data shows that RKLB closed at $93.09 yesterday, down 7.37%.