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Rocket Lab's Space Systems revenue outpaces launches, boosting stock with $110 price target.

Market News
02 Nov 2026, 14:47 WIB
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Bullish
Rocket Lab's Space Systems revenue outpaces launches, boosting stock with $110 price target.

Rocket Lab generates most revenue from its Space Systems division, which earned $189.5 million in Q2 compared to $44.6 million from rocket launches, driving a 62% year-over-year revenue increase to $234.07 million. The company is poised for growth through a pending Iridium Communications deal, adding recurring revenue and expanding its satellite and subscriber base. Despite recent share price volatility and ongoing losses, Rocket Lab's strong backlog and defense contracts support a bullish price target of $110.63, with potential upside if the Neutron rocket launch succeeds and the Iridium deal closes smoothly. Risks include launch delays and share dilution, but the company's vertical integration and growth strategy position it well in the space economy.

Rocket Lab's stock price is currently trading at USD 55.20 on Pluang, showing a modest gain of 0.86% in the last day. The company holds a significant market cap of $34.99 billion, reflecting strong investor interest as of Nov 02, 2026 20:02 WIB.

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