Space companies report record revenues and backlogs amid rising defense and satellite demand.

Several space companies, including Rocket Lab, Firefly Aerospace, and Redwire, reported record revenues and growing backlogs driven by increased defense, national security, and satellite demand. Rocket Lab posted Q1 revenue of $200.3 million with a backlog over $2.2 billion and raised Q2 revenue guidance. Firefly Aerospace and Redwire also showed strong revenue growth and raised their full-year guidance. Despite sector losses due to scaling production, executives remain optimistic about sustained growth and long-term value as demand accelerates.