Rocket Lab Suffers First Launch Failure in Over Two Years During CAPSTONE Mission

Rocket Lab's Electron rocket carrying CAPSTONE mission lifts off from New Zealand on June 28, 2022, but fails around 2.5 minutes into flight.
First launch failure for Rocket Lab in over two years, breaking streak of 19 successful launches.
Rocket Lab says it is working with FAA to investigate root cause, postponing next Electron mission.
Company apologizes to customer Capella Space, whose satellite was lost in failed launch.
Rocket Lab stock drops about 7% on Tuesday after news of failure, recovering from premarket loss of 26%.

cnbc.com

Relevant topic timeline:

8/24/2023

Stock Market Today: Dow Lower; Nvidia's Earnings; AMC and More Premarket Movers

Stocks fell on Thursday as investors retreated ahead of the Federal Reserve's Jackson Hole symposium, with European stocks dropping and technology stocks giving up earlier gains, while Walt Disney shares tumbled, and Treasury yields increased on strong economic data and concerns about inflation.

9/12/2023

Stocks Fall as Apple Unveils iPhone 15, Google Faces Antitrust Lawsuit

U.S. stocks fell on Tuesday, with tech stocks dragging down indexes after Apple unveiled its latest iPhone and the Justice Department's antitrust case against Google went to trial in Washington. The Nasdaq sank 1%, while the S&P 500 fell 0.6% and the Dow Jones Industrial Average closed 0.1% lower.

9/19/2023

Rocket Lab Launch Fails After Engine Ignition Problem

Rocket Lab's 20th consecutive successful launch streak was broken when its Electron rocket failed to deliver a commercial radar imaging satellite into orbit, marking the fourth failure out of 41 missions.

9/22/2023

Tesla Stock Could Rally if Q3 Deliveries Beat Barclays' Conservative Forecast

Tesla's stock fell after Barclays predicted that the company would fall short of delivery expectations, with analysts forecasting third-quarter deliveries of 455,000 units compared to the consensus forecast of 463,000 units.

10/18/2023

Stocks Fall as Middle East Tensions Weigh on Wall Street

Stocks fell on Wednesday due to escalating tensions in the Middle East and lackluster earnings from Morgan Stanley, while bond yields reached their highest levels since 2007 and oil prices rose due to concerns over a potential regional conflict; meanwhile, Nvidia stock dropped after the US announced plans to halt shipments of AI chips to China and Morgan Stanley's profits shrank during Q3.

Topics

Posted 9/19/2023, 12:02:15 PM