Agostino Ricupati, Rocket Lab Corp’s Vice President of Corporate Control and Chief Accounting Officer, sold 669 shares of common stock on August 24, 2026, for a total value of $46,581.
The transactions were executed at share prices ranging from $69.53 to $71.17, according to a regulatory filing. The disposal was a sell-to-cover transaction designed to satisfy tax withholding obligations associated with the vesting and settlement of previously granted restricted stock units. Ricupati retained 26,863 shares of Rocket Lab common stock following the sale.
Rocket Lab’s shares were trading at $66.18 at the time of the transactions, down approximately 56% from the company’s 52-week high of $151.00. The decline follows a period of heightened volatility for the space technology firm, which has seen its stock price retreat from prior peaks despite strong operational performance.
Second-quarter 2026 revenue reached approximately $234.1 million, exceeding consensus estimates by 1% and representing a 62% year-over-year increase. Needham analysts project third-quarter revenue to be 8% above consensus, while Cantor Fitzgerald cited the quarter’s record revenue in raising its price target. KeyBanc maintained an overweight rating, pointing to momentum in the Space Systems segment and progress on the Neutron rocket program. Citizens also reiterated a Market Outperform rating, highlighting confidence in operational execution.
Rocket Lab’s pending acquisition of Iridium Communications remains on track. The company submitted financial statements to the U.S. Securities and Exchange Commission in connection with the two-step merger process, which will result in Iridium becoming an indirect, wholly-owned subsidiary of Rocket Lab.
