rocket lab Shares rose in after-hours trading after the company reported earnings Third quarter results and announced the first customer for its upcoming Neutron vehicle.
The space infrastructure company reported third-quarter revenue of $104.8 million, a 55% increase from $67.6 million in the same period last year. Its net loss also increased from a year earlier, from $40.6 million to $51.9 million.
Rocket Lab forecasts fourth-quarter revenue between $125 million and $135 million. At the midpoint, the company’s revenue this year will be about $430 million.
Additionally, the company announced an agreement for the first launch of its Neutron rocket.
A “confidential commercial satellite constellation operator” signed an agreement for two missions through mid-2026, with Rocket Lab saying the price is “consistent with our vehicle goals.” Previously, the company said its price target was About $50 million per Neutron launch.
Rocket Lab’s shares rose 25% in after-hours trading, closing at $14.66 per share.
