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Rocket Lab's revenue jumps 62% as it scales launches and acquires Iridium Communications.

Market News
07 Oct 2026
Seeking Alpha
View Source
Bullish
Rocket Lab's revenue jumps 62% as it scales launches and acquires Iridium Communications.

Rocket Lab is expanding from small Electron rocket launches to medium Neutron launches, aiming to compete directly with SpaceX's Falcon 9 and support large satellite constellations. Its Space Systems segment, which provides satellite components and spacecraft, generated 29% of first-half 2026 revenue and offers steady, high-margin sales. In Q2 2026, revenue rose 62% to $234 million, with backlog up 137% year-over-year to $2.36 billion, showing strong contract growth. The recent acquisition of Iridium Communications adds valuable global network assets, expected to boost cash flow and profitability, strengthening Rocket Lab's market position.

Rocket Lab's market cap stands at $47.99 billion as of October 7, 2026, 18:01 WIB, with its stock priced at $73.73 and showing a 1.77% decline on the day. The company is actively traded on Pluang with a volume of 26,990,034 shares and a typical hold time of 29 days. This trading activity occurs while Rocket Lab advances its medium Neutron rocket launches and expands its Space Systems segment, signaling ongoing investor interest despite the recent price dip.

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