Rocket Lab (NASDAQ: RKLB) stock got crushed in July's trading and fell 36.1% across the stretch, according to data from S&P Global Market Intelligence. While there was little in the way of truly negative, business-specific news for Rocket Lab last month, the company's share price was caught up in a broader valuation pullback for space stocks. Trading trends for Space Exploration Technologies also appeared to continue having a negative impact on Rocket Lab and other space stocks last month. SpaceX stock fell roughly 36.6% in the month, closely mirroring Rocket Lab's valuation decline. Rocket Lab stock has been soaring in August's tradingAs of this writing, Rocket Lab's share price has risen 27.5% in August's trading.