Overview

A class action lawsuit has been filed against Rocket Lab USA, Inc. (“Rocket Lab” or the “Company”) and certain of the Company’s former senior executive officers alleging violations of the federal securities laws.  The Company’s common stock trades on the NASDAQ exchange under the symbol “RKLB.”

The Rocket Lab class action lawsuit was brought on behalf of all persons and entities who purchased or otherwise acquired Rocket Lab securities between November 12, 2024, and February 25, 2025, both dates inclusive (the “Class Period”).

Rocket Lab is a space company which provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions.  In March 2021, the Company announced plans to develop a reusable-ready medium-capacity launch vehicle to increase the payload capacity of its space launch vehicle.  The Company refers to this vehicle as the Neutron Launch Vehicle (“Neutron”).  In early 2024, Rocket Lab announced it would conduct a test launch of Neutron in mid-2025, with three commercial launches in 2026 and five in 2027.

On February 25, 2025, at approximately 10 AM EST, Bleecker Street Research published a report alleging, among other things, that Rocket Lab has materially misled investors about the likelihood that its Neutron rocket will launch in mid-2025.  The report revealed that the Company’s plans for three barge landing tests, which were originally scheduled to occur in a window between September 2024 and March 2025, had been pushed back to a window beginning in September 2025 and could occur as late as March 2026.

The report revealed significant delays in preparing the Company’s launch pad, including a potable water problem not scheduled to be fixed until January 2026, which would delay launch further.  The report also claimed that the Company’s only Neutron contract so far was with an unreliable startup named E-Space which is described as a risk item.

On this news, Rocket Lab’s stock price fell $2.21, or 9.8%, to close at $20.28 per share on February 25, 2025, on unusually heavy trading volume.

The Rocket Lab class action lawsuit alleges that Defendants, throughout the Class Period, made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects.  Specifically, Defendants failed to disclose to investors that: (1) the Company’s plans for three barge landing tests were significantly delayed; (2) a critical potable water problem was not scheduled to be fixed until January 2026, which delayed preparation of the launch pad; (3) as a result of the foregoing, there was a substantial risk that Rocket Lab’s Neutron rocket would not launch in mid-2025; (4) Neutron’s only contract was made at a discount with an unreliable partner; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

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If you purchased or otherwise acquired Rocket Lab securities between November 12, 2024, and February 25, 2025, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at [email protected]. 

The deadline to apply to the Court to serve as lead plaintiff in the Rocket Lab class action lawsuit is April 28, 2025.