Rocket Lab Posts Record Q3 Revenue and $3.57B Backlog, but Shares Fall After Earnings Miss
Rocket Lab posted record $268M Q3 revenue and a $3.57B backlog, but shares dropped 5% after a wider-than-expected EPS miss.
Rocket Lab posted record $268M Q3 revenue and a $3.57B backlog, but shares dropped 5% after a wider-than-expected EPS miss.
Rocket Lab now expects Neutron’s first launch in 2027 after resolving manufacturing issues with carbon-composite propellant domes.
Barclays opened aerospace and defense coverage, rating SpaceX and Rocket Lab Overweight and favoring defense tech over large primes.
The bank cites proven Electron flights and rare regular access to orbit.
Berenberg starts Buy coverage on ASTS, RKLB and Planet Labs. Cheaper launches pushed the space economy past $500B and toward $1T by 2030.
Stifel analyst sees Rocket Lab capturing meaningful portion of Viasat’s $218.8M Space Force contract and remaining well positioned for more.