Rocket Lab Nasdaq
Rocket Lab employees, led by CEO Peter Beck, celebrate the start of trading on the Nasdaq exchange Aug. 25.

Shares in small launch vehicle and spacecraft developer Rocket Lab dropped in their first day of trading Aug. 25, but the company’s chief executive says it remains focused on its long-term plans enabled by going public.

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Jeff Foust has more than a decade of experience writing about space policy, entrepreneurial ventures and regulatory affairs. In 2001, he established spacetoday.net to aggregate and summarize the day's space-related news stories. In 2003, he started The...