Earnings

September 12, 2021

Rocket Lab Blasts Off 🚀🚀

Rocket Lab has lift-off… of their stock price. The recently-SPAC’d company provided financial results from their first half of 2021, inciting confidence among investors with the newfound figures.

$RKLB rose 22.4% this week after reporting revenue of $29.5 million. Those figures might seem pretty paltry for a company valued at over $8 billion. However, investors were more excited about the 237% YoY revenue growth. And the backlog of missions, which has grown to over $141.4 million worth of commitments.

In a recent interview, Rocket Lab CEO Peter Beck indicated his excitement for the company’s forthcoming projects. Among them are a private mission to Venus, a NASA-funded mission to the Moon, and the like. The company is also diversifying its revenue to include more than launches, according to Beck. 

As of today, Rocket Lab has launched 105 satellites. They have conducted four launches in 2021. Many have been delayed because of the COVID-19 pandemic. You can read up on the company’s H1 2021 earnings here.

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