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RKLB.US
id: 1510
Rocket Lab (RKLB) Neutron Launch Timeline and Contract Misrepresentation Case
C.D. California
Court2:25-cv-01733
Case number11/12/2024
Class period Start02/25/2025
Class period End04/28/2025
Lead Plaintiff motion deadline- $RKLB investors filed a lawsuit against Rocket Lab, alleging the company misled shareholders about the launch timeline for its Neutron rocket and the true nature of its first commercial contract.
- On February 25, 2025, Bleecker Street Research reported that Rocket Lab's Neutron launch was significantly delayed. Following this news, $RKLB stock dropped 9.8%.
Case Details:
Between November 12, 2024, and February 25, 2025, Rocket Lab repeatedly assured investors that its Neutron rocket was on track for a mid-2025 launch, with plans for three barge landing tests before then. The company also touted a major launch contract, reinforcing confidence in Neutron’s market potential.
However, a February 25, 2025, report by Bleecker Street Research revealed serious delays. The report found that the barge tests had been postponed by at least a year, with launch preparations hindered by unresolved infrastructure issues, including a potable water problem that wouldn't be fixed until 2026. It also exposed that Rocket Lab’s only Neutron contract was with E-Space, an unreliable startup, and that the deal was discounted, contradicting the company’s prior statements about securing full-price agreements.
Following this disclosure, $RKLB stock dropped 9.8%
Based on these events, $RKLB investors filed a lawsuit against Rocket Lab, claiming the company:
- It misled investors about Neutron’s launch timeline and testing progress.
- It misrepresented the terms and credibility of its first commercial launch contract.
Investors believe Rocket Lab overstated its Neutron program’s readiness while downplaying delays and contract risks
Case Status
Lead Plaintiff Submission
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
02/25/2025
Filing date
02/27/2025
Lead Plaintiff Deadline
04/28/2025