ARK Buys RKLB Dip After NASA Mars Contract Goes to Blue Origin
Rocket Lab (RKLB) slid after NASA awarded Blue Origin a roughly $700 million contract to design and operate the Mars Telecommunications Network, while Cathie Wood’s ARK Investment bought about 504,799 RKLB shares across three ETFs. Retail traders blamed Neutron delays and recent insider sales for RKLB’s weakness, though ARK’s two-day purchases total roughly 705,102 shares worth about $31.6 million, signaling continuing institutional interest despite the setback.