Rocket Lab: Board Members and Executives Sell Hundreds of Millions in Shares Amid Stock Rally

Rocket Lab Corp. (RKLB), a space-launch vehicle company, disclosed that board members and executives have sold shares worth billions of Korean won over the past few days under pre-arranged Rule 10b5-1 trading plans and through contributions to exchange funds.

Director Merline Saintil transferred shares into an exchange fund on January 13 and, via automatic sales on January 14, divested approximately US $10 million—roughly ₩10 billion—of stock. She still holds about 280,000 shares, valued at around ₩300 billion.

Insider Jon A. Olson also executed open-market sales on January 20, selling in multiple tranches for a total of about US $1.4 million—approximately ₩2 billion—while retaining more than 300,000 shares after the transactions.

On January 22 in New Zealand, the company completed its first Electron launch of the year, deploying two satellites for new customer Open Cosmos. It also recently secured an approximately US $800 million contract with the U.S. Space Development Agency to supply 18 missile-tracking satellites, adding over ₩1 trillion in new orders and boosting business momentum.

Headquartered in California, Rocket Lab is a commercial launch and satellite-manufacturing firm that has regularly launched commercial and government payloads with its small-lift Electron rocket and is developing the medium-to-heavy-lift Neutron rocket.

On Wall Street, Rocket Lab is viewed as a leading alternative to SpaceX and the second most active private launch provider in the U.S. Analysts say its recent large defense satellite contracts and increased launch cadence support revenue growth and underpin its stock’s strength.