Rocket Lab secured more than $515 million in Neutron launch deals from constellation operators during Q3. Its backlog grew to 16 missions, and the rocket’s base launch price rose to $70 million. The company reported record Q3 revenue, missed EPS estimates by 5 cents, and issued new financial guidance. It also confirmed a delay in the Neutron rocket timeline.
Space Systems revenue rose 88% year over year, while launch services revenue increased 30% after 6 Electron missions; the company targets a Neutron launch no earlier than 2027.
Read the full storyThe company beat revenue estimates despite missing on EPS, while securing eight new mission contracts that expanded its launch backlog.