Shares of Rocket Lab USA (RKLB) are up 36% after the aerospace company reported strong third-quarter revenue growth and announced a customer for its newest rocket.
Rocket Lab reported a Q3 earnings per share (EPS) loss of -$0.10 U.S. That was slightly worse than the loss of -$0.09 U.S. that was expected on Wall Street.
However, revenue in the quarter totaled $104.8 million U.S., up 55% from $67.6 million U.S. a year earlier.
Looking ahead, Rocket Lab forecast revenue in the current fourth quarter of $125 million U.S. to $135 million U.S.
The midpoint of that guidance would see the company post full-year sales of $430 million U.S.
Along with its financial results, Rocket Lab announced its first launch deal for its Neutron rocket, which is a partially reusable rocket designed to send satellites into low Earth orbit.
The company did not name the customer it has reached a deal with for use of the Neutron rocket.
However, Rocket Lab said that a commercial satellite operator has signed for two missions in 2026, which Rocket Lab says were at a price “consistent with our target.”
Previously, the company said it was likely to charge $50 million U.S. per Neutron rocket launch.
Prior to today (Nov. 13), the stock of Rocket Lab USA had risen 176% to trade at $14.66 U.S. per share.
Tech Insider
