Rocket Lab and Rigetti Computing shares slide amid market pressures
Rocket Lab Corp. (NASDAQ:RKLB) dropped 6.5% on Monday, falling to $100.29 after its entry into the Nasdaq‑100 sparked profit‑taking and concerns over dilution from its at‑the‑market share program and the timeline for its Neutron rocket. The company reported Q1 revenue of $200.35 million, a 63.4% year‑over‑year increase, but posted a loss of $0.07 per share and a net margin of –26.87%.
Rigetti Computing (NASDAQ:RGTI) fell 8.6% on Wednesday to $19.44 after a director sold nearly 85,000 shares and analysts flagged valuation risks despite renewed U.S. government support for quantum computing. Rigetti posted a quarterly loss of $0.04 per share, beating estimates, with revenue of $4.40 million, up 198.9% from a year earlier, though its net margin remained deeply negative.