Here's Why Rocket Lab Stock Shot Up 40.6% This Week [Yahoo! Finance]
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Rocket Lab USA, Inc. (RKLB)
Company Research
Source: Yahoo! Finance
earnings results for the third quarter that showed more strong revenue growth along with product updates for upcoming new business lines. Shares are up 263% year to date (YTD) with investors getting increasingly optimistic about the future of the space company. Here's why Rocket Lab stock was soaring this week. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Q3 showed more of the same for Rocket Lab: revenue growth. Sales were up 55% year over year to $105 million, driven by growth from its space systems segment. Even better, the company's backlog grew 80% year over year to $1.05 billion, which is a huge multiple of its annual revenue. A big backlog is important for a space start-up such as Rocket Lab. Building and launching space systems is expensive, so you need reliable customers you know will show up at the door. Rocket Lab's trailing revenue is up a whopping 484% since going public in 2021, making it one of the f
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RKLB
News
- Rocket Lab Delivers Third In-Orbit Manufacturing Spacecraft for Varda Space Industries [Yahoo! Finance]Yahoo! Finance
- Rocket Lab Delivers Third In-Orbit Manufacturing Spacecraft for Varda Space IndustriesBusiness Wire
- Rocket Lab Deploys 5 Satellites for French IoT Operator: To Buy the Stock or Let Go? [Yahoo! Finance]Yahoo! Finance
- Rocket Lab Schedules Launch for First of Multiple Missions for BlackSkyBusiness Wire
- Rocket Lab USA Stock Soars After Successful Launch of Kinéis IoT Satellites [Yahoo! Finance]Yahoo! Finance
RKLB
Earnings
- 11/12/24 - Beat
RKLB
Sec Filings
- 2/14/25 - Form SCHEDULE
- 2/6/25 - Form 4
- 2/5/25 - Form 4
- RKLB's page on the SEC website