For a while now, the biggest debate around Rocket Lab (RKLB) has been about when its new Neutron rocket will finally fly. The bull case, though, was that the company was much broader than that. They argued that Rocket Lab had quietly become a full-stack company, one that earns across launch, satellites, and defense. In their opinion, this made Rocket Lab meaningfully different from a startup betting everything on a single rocket. This quarter backed that view up.
Revenue hit a record, climbing 62% from a year ago, and the backlog also increased to an all-time high of $2.36 billion. But what's interesting is that Neutron wasn't behind this performance, since it hasn't even launched yet. The growth came from the ******* e Systems business and new defense and government contracts.
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#revenue
Revenue hit a record, climbing 62% from a year ago, and the backlog also increased to an all-time high of $2.36 billion. But what's interesting is that Neutron wasn't behind this performance, since it hasn't even launched yet. The growth came from the ******* e Systems business and new defense and government contracts.
CoreWeave vs Nebius: Both Companies Reported Strong Earnings, But Here's the Stock You Should Buy
A $210 Billion Reason to Buy AMD Stock Here
As Oracle Deepens Its Partnership with AWS, Here's How You Should Play ORCL Stock
#revenue
1 month ago
