Rocket Lab shares close at $53.07 ahead of third-quarter results
Key Facts
Rocket Lab shares, listed under the ticker RKLB, closed at $53.07 on November 6, 2026, according to EL7 daily data. The close came ahead of the company’s third-quarter results, with attention turning to how closely the figures align with management’s expectations for the period. Rocket Lab had set a revenue range of $250 million to $265 million for the quarter. Its guidance also included a GAAP gross margin range of 29% to 31%. The company estimated adjusted EBITDA losses of $17 million to $23 million.
The guidance puts revenue, margins and adjusted operating loss among the key metrics against which third-quarter results will be measured. The company distinguished in its outlook between GAAP gross margin and adjusted gross margin, setting a range of 35% to 37% for the latter. In the second quarter, Rocket Lab reported record revenue of $234 million, up 62% year over year. Its backlog also reached a record $2.36 billion, up 137% year over year. A Reuters report on second-quarter results cited revenue of $234.06 million and a loss of $0.08 per share.
Progress on the Neutron rocket remains another element in the company’s update, after it said the launch window before year-end was narrowing. Rocket Lab set the fourth quarter of 2026 as its target for delivering the rocket to the launch pad. The update gave no more specific launch date, while the narrowing window puts the focus on the company’s announced schedule. On analyst coverage, a Reuters report said 18 of 22 analysts rated the stock a buy. The report said the consensus price target was $102.15 per share on November 9, 2026.
As part of its expansion, Rocket Lab said in its filing that it signed a definitive agreement to acquire Iridium on June 28, 2026. It said completion of the deal remains subject to customary conditions, including regulatory approvals. The company expects to complete the deal in 2027 if it receives the necessary approvals. This process is unfolding alongside investors’ monitoring of the launch and space systems businesses, based on the results and guidance the company has announced. The upcoming third-quarter figures will provide a direct test of management’s financial expectations for the period.