Rocket Lab has shipped two new spacecraft to Cape Canaveral to perform an ESCAPADE mission for NASA. The ESCAPADE mission has a reported budget of $55 million.
Rocket Lab is the only successful private launch company besides SpaceX. The company is betting big on its next rocket, called the Neutron.
Rocket Lab CEO Peter Beck posted photographic evidence yesterday of progress being made on the company's new Neutron rocket. Wall Street analysts expect Rocket Lab to begin earning profits roughly at the same time it begins launching Neutron.
Rocket Labs reported record revenue of $106 million, up 71% year-over-year, with an order backlog of $1.07 billion. Launch Services segment revenue slightly exceeded guidance, while space system segment revenue met expectations. The company has a strong balance sheet to manage its operating timeline and has a project scheduled for 2025 that can compete with the market leader.
Five years ago, New Zealand rocket launcher Rocket Lab announced plans to set up a launch site in the United States. Now, U.S. space giant SpaceX may be contemplating setting up a rocket base in Australia.
Rocket Lab posted strong growth for the second quarter. Its backlog is now over $1 billion.
Rocket Lab USA Inc.'s successful test of its Archimedes engine bodes well for the space-launch company's new Neutron rocket, says Cantor.
Rocket Lab USA (RKLB) shares popped Friday, a day after the company posted record revenue and a narrowing of its second-quarter loss.
Rocket Lab USA Inc (NASDAQ:RKLB) shares surged as the leader in launch services and space systems impressed investors with its second quarter results. For the quarter ended June 30, 2024, Rocket Lab posted record revenue of $106 million, a 71% increase from the year-ago quarter.
Space stocks are climbing in premarket trades Friday, boosted by Virgin Galactic Holdings Inc.'s and Rocket Lab USA Inc.'s results this week.
Rocket Lab USA, Inc. (NASDAQ:RKLB ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Morgan Connaughton - VP of Marketing and Communications Peter Beck - Founder & CEO Adam Spice - CFO Conference Call Participants Edison Yu - Deutsche Bank Erik Rasmussen - Stifel Kristine Liwag - Morgan Stanley Jason Gursky - Citi Cai von Rumohr - TD Cowen Andre Madrid - BTIG Suji Desilva - ROTH MKM Andres Sheppard - Cantor Fitzgerald Anthony Valentini - Goldman Sachs Operator Hello and thank you for standing by. My name is Regina and I will be your conference operator today.
Rocket Lab USA, Inc. (RKLB) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.10 per share a year ago.