Cathie Wood Keeps Buying Rocket Lab Stock as It Trades at Less Than Half Its Record

ARK Invest has purchased approximately 1.3 million Rocket Lab shares since late August as the stock trades 55% below its May record high. ARK is betting on a future launch shortage by 2030 that Rocket Lab's unflown Neutron rocket could address. While Rocket Lab shows strong demand with a $2.36 billion backlog, the company faces accelerating cash burn ($110 million in Q2) and uncertainty around Neutron's launch timeline, with the stock trading at 44x sales.