Rocket Lab: $500M Raise, Mynaric Acquisition, and Lingering:
Rocket Lab ($RKLB) is raising $500 million in capital by selling more shares, confirming earlier expectations that they needed more funding and would dilute existing shareholder value. This move is likely to finance a potential $200 million purchase of Mynaric AG, which would strengthen Rocket Lab's satellite technology and expand their European presence. However, this acquisition won't address Rocket Lab's ongoing problem of spending more money than they make (cash burn) and their low profit margins. While analysts don't recommend buying the stock, they also hesitate to strongly recommend selling it.
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