Rocket Lab Rises on NASA Selection; Microsoft Down on Tech Selloff | Stock Movers
Bloomberg 2026-06-26 14:38:45
Context: Rocket Lab's shares rose after NASA selected the company to provide three Electron launches for two missions, PolSIR and TSIS-2, scheduled for early 2027. This development comes amid a tech selloff that has impacted major players like Microsoft, which saw its stock decline. The movements in these stocks occurred within a broader market context where tech companies are experiencing significant fluctuations.
Key Facts
- US chipmaker Onsemi agreed to buy Synaptics, a firm specializing in semiconductors for smart devices, in an all-stock deal that values Synaptics at about $6.2 billion.
- Rocket Lab's shares rose as the space firm announced NASA's selection to provide three Electron launches for two missions, PolSIR and TSIS-2, from early 2027.
- Microsoft's shares are down, with the software giant extending a recent selloff, resulting in a decline of more than 20% this month, putting it on track for its biggest one-month percentage drop since December 2000.
- The deal between Onsemi and Synaptics is an all-stock transaction, indicating that no cash changes hands in the acquisition.
- Microsoft's stock performance is notable for being on track for its largest one-month percentage drop in over two decades, specifically since December 2000.