Rocket Lab announced its largest-ever launch agreement for its Electron rocket. The deal continues to grow a promising relationship with an important customer and helps fill out Rocket Lab's launch schedule.
Rocket Lab just signed a contract with France's Kineis to put 25 satellites into orbit. This will be the biggest satellite constellation Rocket Lab has ever launched.
Rocket Lab's Electron vehicle ranks as the second-most-used orbital rocket in the U.S. Late last year, the company was awarded a $515 million contract from the U.S. Space Force. It's investing heavily on R&D, and may not be cash-flow-positive for at least a couple of years.
Rocket Lab is getting nearly $50 million in government subsidies to produce
The U.S. Commerce Department said on Tuesday it planned to award Rocket Lab $23.9 million to dramatically boost the production of compound semiconductors used in satellites and spacecraft.
Rocket Lab is a fast-growing rocket launch business competing with SpaceX. Its shares are down because the company is failing to generate a profit.
Rocket Lab reported 69% sales growth in its Q1 earnings report, but still missed analyst targets. Rocket Lab is growing sales nicely, but still isn't profitable.
Rocket Lab USA (RKLB) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Earlier last week, investor Keith Gill, better known as Roaring Kitty, returned to X, the social media platform formerly called Twitter. Roaring Kitty was a huge factor in the initial meme stock phenomenon back in 2021.