Launching satellites is becoming a big business opportunity for Rocket Lab.
What’s happening:
- Rocket Lab (NASDAQ: RKLB) has announced their financial results from their most recent quarter, which has validated massive growth in multiple aspects of their launch operations
By the numbers:
- Rocket Lab’s most recent quarter saw total revenue surge by 55% year-over-year to $105M USD
- Rocket Lab locked in multiple new Electron launch contracts over their most recent quarter, which totalled $55M USD
Why it matters:
- Many publicly listed space companies have struggled to find a sustainable business model amidst needing to make extreme investments into research and development of their technology, which is an obstacle that Rocket Lab has successfully navigated
- Rocket Lab has also been making meaningful breakthroughs in becoming one of the very few companies to be capable of launching new satellites into low Earth orbit quickly, which recently led to a new launch which went from an initial contract to successful launch in just a matter of weeks
Going deeper:
- Rocket Lab has landed multiple new highly important deals of late, including being selected for a future study with NASA to collect rock samples from Mars and providing space equipment to Varda Space to enable them to conduct more drug development experiments in microgravity
The intrigue:
- Rocket Lab’s Electron rocket is the third most frequently launched rocket annually by vehicle type globally and is the second most launched rocket in the United States of America
