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FORM SC 13G/A
AI

Ownership Report - February 7, 2024

Filed February 7, 2024
·
0001086364-24-006856

BlackRock reduces RKLB stake below 5% to 4.9%.

Brief

This SC 13G/A amendment reports BlackRock, Inc.'s beneficial ownership in Rocket Lab USA Inc.'s Class A Common Stock dropping to 23,964,290 shares (4.9%) as of January 31, 2024, below the 5% threshold. Filed under Rule 13d-1(b) as a passive investor, it discloses cessation of >5% ownership. Relevant for investors tracking institutional holdings.

Detailed Brief

Schedule 13G/A (Amendment No. 1) by BlackRock, Inc., a Delaware parent holding company, discloses its aggregated beneficial ownership through subsidiaries like BlackRock Advisors, LLC and others listed in Exhibit A. As of January 31, 2024, BlackRock holds 23,964,290 shares of RKLB Class A Common Stock, representing 4.9% of the class, with sole voting power over 23,629,305 shares and sole dispositive power over all. Item 5 confirms BlackRock has ceased to be a >5% beneficial owner, triggering this passive investor filing under Rule 13d-1(b). Certification affirms holdings are in ordinary course of business, without intent to influence control. This update follows prior 13G filings when ownership exceeded 5%, providing transparency on institutional positioning in Rocket Lab, a space launch provider.

Key Telemetry

  • BlackRock beneficially owns 23,964,290 RKLB shares (4.9%) as of Jan 31, 2024.
  • Sole voting power: 23,629,305 shares; sole dispositive power: 23,964,290 shares.
  • Ceased >5% ownership, per Item 5.
  • Passive investment under Rule 13d-1(b); no control intent.
  • Subsidiaries include BlackRock Fund Advisors, BlackRock Investment Management, LLC.

Risk Signals

Insider Selling
Large position change in SC 13G/A: ownership reduced from >5% to 4.9%.

Impact Vector

Neutral signal for RKLB investors; BlackRock's passive reduction below 5% likely reflects portfolio rebalancing rather than negative view on fundamentals. Removes a major institutional holder from >5% watchlist, potentially easing overhang concerns. Monitor future 13F filings for further sales and Rocket Lab's launch cadence for growth validation.

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