Rocket Lab stock pops 25% after company reports strong revenue growth, first Neutron deal

Rocket Lab stock pops 25% after company reports strong revenue growth, first Neutron deal


Rocket Lab shares jumped in post-market trading after the company reported third-quarter results and announced its first customer for its coming Neutron vehicle.

The space infrastructure company reported third-quarter revenue increased to $104.8 million, up 55% from $67.6 million for the same period a year ago. Its net loss also increased year-over-year, to $51.9 million from $40.6 million.

Rocket Lab forecast fourth-quarter revenue between $125 million and $135 million, which at the midpoint would see the company bring in about $430 million this year.

Additionally, the company announced its first launch deal for its Neutron rocket.

A “confidential commercial satellite constellation operator” signed for two missions in mid-2026, which Rocket Lab says were at a price “consistent with our target” for the vehicle. Previously, the company said it was targeting a price point of about $50 million per Neutron launch.

Shares of Rocket Lab jumped as much as 25% in after-hours trading, up from its close at $14.66 a share.

Read more CNBC space news



Source

Newark air traffic controllers lost contact with planes again in overnight outage
Business

Newark air traffic controllers lost contact with planes again in overnight outage

A man stands outside Terminal C with the airport control tower in the background at Newark Liberty International Airport, on May 6, 2025 in Newark, New Jersey. Andres Kudacki | Getty Images Air traffic controllers who guide planes in and out of Newark Liberty International Airport lost radar and communication with aircraft before dawn on […]

Read More
Something ‘striking’ is happening with apartment renters
Business

Something ‘striking’ is happening with apartment renters

Renting has its benefits. It’s usually cheaper than buying a home, and it offers the freedom of moving without much hassle. That’s why about half of apartment renters in large urban markets usually move when their leases expire. But that is not happening now. The low turnover is “striking,” according to real estate analyst Alex […]

Read More
Art market offers investors ‘escape’ from volatile stocks, Christie’s CEO says
Business

Art market offers investors ‘escape’ from volatile stocks, Christie’s CEO says

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The art market is about to face its biggest test since the November elections, with more than $1 billion of work […]

Read More