Rocket Lab Corporation is evolving into a vertically integrated space infrastructure platform, with its Space Systems revenue more than doubling and backlog reaching $2.36 billion. This growth supports sustained revenue and margin expansion, although there are schedule risks with its Neutron rocket development. The company's focus on Neutron execution and margin improvement is key to justifying its premium valuation. Despite high valuation multiples, the company is seen as an early-stage growth story with increasing revenue visibility and strategic defense positioning, maintaining a Buy rating.
SpaceX stock fell 6% to $131.86, dropping below its $135 IPO price for the first time since June, following the unlocking of 319 million shares. This tranche is part of a staggered release schedule that will free most of the company's shares by 2027,...
Rocket Lab's stock has fallen about 49% from its Q2 peak, erasing earlier gains. The decline follows widening losses due to increased development costs for its Neutron rocket and margin pressure from near-term product mix. Despite these negatives, an...
SpaceX completed its 100th launch of 2026, pushing its Starlink constellation past 11,000 satellites in orbit. In response, the U.S. Space Force awarded five contracts worth $12 million each to companies including L3Harris, AST SpaceMobile, Rocket La...
Rocket Lab reported a Q2 revenue of $234 million and a backlog of $2.36 billion, with recent contract awards exceeding $1 billion. The Space Systems segment generated $189.5 million, reflecting the company's strategy of integrating spacecraft, compon...
Shares of major space companies like SpaceX, Rocket Lab, and AST SpaceMobile dropped Tuesday, driven by a broad selloff in AI hardware stocks and rising Treasury yields. While the overall Industrials sector gained, space stocks—classified under Indus...
