Rocket Lab reveals some big plans, but its stock is dropping on mixed earnings

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Earnings Results
Rocket Lab reveals some big plans, but its stock is dropping on mixed earnings
The company is looking to expand its reach in Europe and building up its backlog
Rocket Lab posted a “record” backlog and detailed new expansion plans, but shares of the rocket-launch company fell in Monday’s after-hours trading.
One of Rocket Lab’s RKLB expansion efforts involves a newly established German subsidiary that aims to “provide sovereign space capabilities” to Europe, which has been trying to rely less on SpaceX SPCX. Germany has been a leader on that front, pledging to invest billions of dollars in space companies.

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