Rocket Lab Corp. (NASDAQ:RKLB) is one of the 10 Stocks Investors Are Running Away From.

Rocket Lab extended losses for a second day on Tuesday, shedding 10.40 percent to end at $83.41 apiece, as investors mirrored its chief executive's disposition of a significant stake in the company.

In a regulatory filing on Monday, the space player said that its CEO Peter Beck has sold 5 million shares in the company on the same day, as part of his selling plan dated March 27, 2026.

The sale also followed the stock's clawback to the $100 level following recent news that it is expanding into satellite communications for $8 billion with the acquisition of Iridium Communications Inc.

According to Rocket Lab Corp. (NASDAQ:RKLB), it officially signed a definitive agreement with Iridium to acquire all its issued and outstanding shares in a combination of stock and cash.

The shares will be acquired at a price of $54 apiece, or a 24 percent premium over Iridium's $43.52 closing price on Friday, prior to the announcement.

Rocket Lab Corp. (NASDAQ:RKLB) said that the acquisition was in line with plans to create a competitive, vertically integrated space company that designs, builds, launches, and operates its own constellations.

Upon closing, Rocket Lab Corp. (NASDAQ:RKLB) will effectively gain a foothold in the space-based applications market.

"By marrying Iridium's deep heritage, trusted infrastructure, and highly sought-after spectrum with Rocket Lab's extensive and proven launch and manufacturing capabilities, we have the capability to unlock entirely new markets. We will go far beyond maintaining a legacy; we are going to build upon it to pioneer next-generation space applications and deliver sought-after capabilities to existing and new customers," Beck said.

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