Rocket Lab shares rise on record backlog and expansion plans
Updated
Updated · MarketWatch · May 7
Rocket Lab shares rise on record backlog and expansion plans
13 articles · Updated · MarketWatch · May 7
The stock gained 4% after hours as the company reported a $2.2bn backlog, 36 new launch contracts, more than $200m in first-quarter revenue and a $30m Anduril deal.
Rocket Lab said it completed its Mynaric purchase, agreed to buy California-based Motiv Space Systems, and has more than $2bn in liquidity for further acquisitions and growth.
It also said Neutron remains on track for a debut by the end of 2026 and forecast June-quarter revenue of $225m-$240m, outperforming some space-sector peers reporting this week.
As its Neutron rocket is delayed, is Rocket Lab's pivot to U.S. defense projects its new path to rivaling SpaceX?
Will acquiring Mars rover robotics technology be the key to Rocket Lab's dominance in the next phase of the space race?
As private companies help build space weapons, what rules can prevent the next global conflict from starting in orbit?