Rocket Lab Q2 Revenue Jumps 62% to $234M, Defense Awards Hit $1.64B
RKLB sits 70% above its 52-week low of $37.57.
Summary
Rocket Lab reported Q2 revenue of $234M, up 62% year-over-year, and disclosed $1.64B in new defense contract awards including a $981M NITE-STAR vehicle program ceiling, $266M for HASTE, and a $397M satellite build-launch-operate award. Neutron Stage 1 tank production is on schedule for delivery to the Virginia pad in Q4 2026, keeping the year-end inaugural launch window alive. The company also flew its 94th Electron mission, the 15th this year, with 16 more booked through 2030. This follows the $8B Iridium acquisition announced in June and the Nasdaq-100 inclusion; the defense awards materially expand the backlog and diversify revenue beyond launch services. Watch for the Iridium merger vote on September 24 and Neutron's first launch attempt in Q4.
At the time of this announcement, RKLB was trading at $64.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $37.8B. The 52-week trading range was $37.57 to $151.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.