Rocket Lab Beats Investor Lawsuit Over Neutron Launch Delay

Rocket Lab USA Inc. defeated allegations it misled investors about the testing and debut timeline for its reusable Neutron rocket.

Judge George H. Wu finalized a tentative ruling Monday to toss the complaint, saying he couldn’t “see a reason to disagree” with the spaceflight company’s and top executives’ argument that the plaintiffs’ securities fraud theory “makes no sense.”

The US District Court for the Central District of California judge questioned why Rocket Lab, CEO Sir Peter Beck, and Chief Financial Officer Adam Spice would knowingly or recklessly mislead investors for three months about a small delay in the launch ...