Rocket Lab slips on planned $750 mln stock sale
Shares of Rocket Lab Corp RKLB.O down 4.3% in extended trading to $51.70 as it seeks capital
Space services firm files up to $750 mln ATM (at the market) equity sales program to be handled by BofA and Cantor Fitzgerald, among other brokerages
It intends to use net offering proceeds to fund growth, including potential acquisitions, and for other general purposes
Co says may use a portion of proceeds to fund its purchase of German laser communications provider Mynaric M0YAy.BE, if completed
Long Beach, California-based RKLB has ~483.96 mln shares outstanding as of Sept 1, giving it roughly $26 bln market cap
RKLB shares on Mon ended up 1.3% at $54.04, extending YTD gain to ~112%
10 of 15 analysts rate RKLB "strong buy" or "buy", rest rate "hold"; median PT is $49, per LSEG data
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