Rocket Lab's stock experiences a 25% increase following the announcement of robust revenue growth and the company's first Neutron deal.
- Rocket Lab announced its first customer for its coming Neutron vehicle.
- The company's revenue for the third quarter rose to $104.8 million, representing a 55% increase from the $67.6 million recorded in the same period last year.
After reporting third-quarter results and announcing its first customer for the Neutron vehicle, shares rose in post-market trading.
The space infrastructure company's third-quarter revenue rose by 55% to $104.8 million from $67.6 million in the same period last year, while its net loss also increased to $51.9 million from $40.6 million.
Rocket Lab anticipates generating revenue of between $125 million and $135 million in the fourth quarter, resulting in a midpoint of approximately $430 million for the year.
Additionally, the company announced its first launch deal for its Neutron rocket.
In mid-2026, a "confidential commercial satellite constellation operator" signed for two Neutron missions at a price "consistent with our target" for the vehicle, which was previously stated to be around $50 million per launch.
Rocket Lab's shares experienced a 25% increase in after-hours trading, reaching a price of $18.44 per share.
Business News
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