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Cathie Wood is changing where she wants her growth-stock exposure. ARK Invest spent the past week adding heavily to Rocket Lab Corp. (RKLB, Financials) and Bloc
Wall Street loves a rocket, but the real satellite race is being fought in radio waves.
RKLB expands its military space communication role through new SDN contracts, supporting secure optical links and future satellite network opportunities.
Ark Invest added more than 705,000 shares of Rocket Lab (RKLB) valued at roughly $45 million last week, increasing its exposure to the space company as Cathie W
Rocket Lab's Neutron rocket may not launch until 2027. Also happening in 2027 is something even more important: Rocket Lab will acquire Iridium Communications.
The transaction involved ~140,000 shares with an estimated value of ~$8.8 million at a weighted average price of $62.63 per share on September 2, 2026. The traded volume represented 10% of the executive's total equity stake held before the filing, though the net common stock position remained stable following a same-day option exercise.
Rocket Lab stock gained 560% over the last five years. The company is expected to earn its first profit in 2028 and then grow rapidly from there.
The potential delay of the Neutron rocket to 2027 is causing Rocket Lab's stock to dip. It has grand ambitions to become a fully integrated provider of space-economy services.