Tech stocks, including Rocket Lab and Planet Labs, drop due to concerns over new tariffs

From Yahoo Finance: 2025-03-31 13:48:00

Tech stocks, including Rocket Lab and Planet Labs, plummeted due to concerns over new tariffs. These tariffs, set to go into effect soon, have investors worried about economic impacts. Rocket Lab’s revenue is 38% international, making it vulnerable to tariff risks. Uncertainty and potential trade wars add to investor unease.

Rocket Lab, Planet Labs, and AST SpaceMobile face increased costs due to tariffs on imported satellite parts. These companies rely on international revenue and may see production expenses rise. Potential trade wars could further impact these firms, causing stock prices to drop. Rising tariffs and inflation fears contribute to investor concerns.

Investors fear the impact of tariffs on Rocket Lab USA, Planet Labs, and AST SpaceMobile, causing stock prices to fall. The looming trade war and higher costs due to tariffs are key factors. This uncertainty and potential for trade wars are driving the downward trend in these tech stocks. Rocket Lab, Planet Labs, and AST SpaceMobile stocks all dropped on Monday. The Motley Fool recommends Rocket Lab USA. The reasons for the drop were not disclosed. Investors should stay informed on market trends and company performance to make educated decisions. Stay tuned for updates on this developing story.

Read more: Why Rocket Lab, Planet Labs, and AST SpaceMobile Stocks All Dropped on Monday