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Rocket Lab USA, Inc. - RKLB STOCK NEWS

Welcome to our dedicated page for Rocket Lab USA news (Ticker: RKLB), a resource for investors and traders seeking the latest updates and insights on Rocket Lab USA stock.

Rocket Lab USA, Inc. (RKLB) is pioneering the way in opening access to space to enhance life on Earth. As an orbital launch provider, Rocket Lab delivers rapid and reliable access to orbit for small satellites. The company’s core business involves the design, manufacture, and deployment of the Electron rocket—the world's first fully carbon composite orbital launch vehicle, powered by 3D printed, electric pump-fed engines.

Headquartered in Huntington Beach, California, Rocket Lab also operates a launch complex in Mahia, New Zealand, which is the world’s only private orbital launch range. This facility, Rocket Lab Launch Complex 1, is licensed to launch every 72 hours, allowing Rocket Lab to maintain an unprecedented launch cadence.

Since January 21, 2018, when Rocket Lab successfully reached orbit with the Electron vehicle and deployed its first commercial payloads, the company has made significant strides in eliminating barriers to commercial space access. This milestone marked the beginning of a new era of space exploration and accessibility.

Rocket Lab is engaged in two main segments: Launch Services and Space Systems. The Electron and Neutron launch vehicles, along with the Photon satellite platform, are key products enabling a wide range of operations including national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications.

The company's end-to-end mission services cater to civil, defense, and commercial markets worldwide, including major revenue contributions from the United States. Geographically, Rocket Lab serves clients in Japan, Germany, and other international markets.

Recent developments and partnerships continue to bolster Rocket Lab’s market position. With a focus on innovation and reliability, Rocket Lab is continually expanding the frontiers of space exploration.

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Rocket Lab USA, Inc. (RKLB) will announce its third-quarter 2021 financial results on November 15, 2021, after U.S. market close. The company will host a conference call at 1:30 p.m. Pacific Time to discuss these results. Rocket Lab is recognized for its efficient launch services and has successfully launched 105 satellites since its first orbital launch in January 2018. Headquartered in Long Beach, California, it is also developing the Neutron 8-ton payload class launch vehicle and operates multiple launch sites including facilities in New Zealand and Virginia.

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Rocket Lab is set to attempt a controlled ocean splashdown and recovery of the Electron rocket’s first stage during the 'Love At First Insight' mission. Scheduled for November 11, 2021, this mission will deploy two Earth-observation satellites for BlackSky. For the first time, a helicopter will track the rocket's descent, refining future aerial recovery operations. This mission aims to validate recovery operations while incorporating new recovery hardware and enhancing the heat shield of Electron’s first stage. Previous successful ocean recovery missions support Rocket Lab's goal of making Electron the world's first reusable orbital-class small launch vehicle.

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Rocket Lab USA has successfully acquired Advanced Solutions, Inc. (ASI) for $40 million with a potential $5.5 million earnout based on performance. This acquisition aims to bolster Rocket Lab's Space Systems business by enhancing its technology portfolio in flight software and Guidance, Navigation, and Control (GNC). ASI, with nearly 60 employees, has a proven track record in space software and will significantly contribute to Rocket Lab's mission of providing cost-effective space solutions and expanding its presence in the aerospace market.

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Rocket Lab has announced two dedicated Electron launches for BlackSky, scheduled for November 2021. This marks the largest commitment of satellites by BlackSky to a single launch provider. The first launch window opens from November 11-24, while the second follows on November 27. Each mission will deploy two Gen-2 satellites, enhancing BlackSky's geospatial monitoring capabilities. These launches reflect a growing partnership between Rocket Lab and BlackSky as they expand operations in low Earth orbit.

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Rocket Lab has been selected to launch NASA's Advanced Composite Solar Sail System (ACS3) using its Electron rocket. The mission aims to test new materials and technologies for solar sails, which utilize sunlight for propulsion, eliminating the need for traditional rocket fuel. Set to launch in mid-2022, the mission will employ Rocket Lab's Kick Stage for precise satellite deployment at higher altitudes. This collaboration reinforces Rocket Lab's role in innovative space technologies and supports future missions, including weather monitoring and near-Earth reconnaissance.

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Rocket Lab has secured a $24.35 million contract from the U.S. Space Force for the development of the Neutron launch vehicle’s upper stage. This contract is part of a broader $75 million R&D initiative approved by Congress aimed at enhancing upper stage technology for national security. The Neutron vehicle is designed to meet stringent requirements for precision and responsiveness in national defense launches. CEO Peter Beck emphasized this award as a testament to Rocket Lab's capabilities and commitment to support U.S. government missions.

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Rocket Lab USA, Inc. (RKLB) announced a contract with Astroscale Japan Inc. to launch the ADRAS-J satellite. This mission, part of Japan's Commercial Removal of Debris Demonstration Project, aims to demonstrate new debris removal technology in low Earth orbit.

The Electron rocket will lift off from Rocket Lab Launch Complex 1 in 2023, marking a significant step toward sustainable space practices. The ADRAS-J satellite will rendezvous with a spent Japanese upper stage rocket, enhancing our understanding of the space debris environment.

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Rocket Lab has secured a multi-launch contract to deploy 25 IoT satellites for Kinéis across five dedicated missions using the Electron launch vehicle. Launches are expected to commence in Q2 2023, enhancing global IoT connectivity as Kinéis integrates advanced nanosats into its existing systems. The Kick Stage of the Electron will ensure precise satellite deployment. This contract follows a previous agreement with BlackSky for satellite launches, emphasizing Rocket Lab's reliability in satellite deployment with over 100 satellites successfully launched to date.

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Rocket Lab (RKLB) reported impressive financial results for the six months ending June 30, 2021, achieving a revenue of $29.5M, a remarkable 237% increase year-on-year. Gross margins improved from negative 67% to positive 13%. The company's backlog surged 136% to $141.4M compared to $59.9M in the previous year. Additionally, there was notable growth in revenue diversity, with Space Systems contributing 18% of total revenue.

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Rocket Lab USA, Inc. (RKLB) will report its financial results for Q2 2021 on September 8, 2021, after U.S. market close. A conference call will be held at 1:30 PM PT. The company has scheduled additional presentations at upcoming conferences, including Bloomberg RADAR on September 7 and Deutsche Bank Virtual Technology Conference on September 10, 2021. Rocket Lab is establishing itself as a significant player in the launch services industry, with two operational launch sites and a growing portfolio of satellite and spacecraft missions.

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FAQ

What is the current stock price of Rocket Lab USA (RKLB)?

The current stock price of Rocket Lab USA (RKLB) is $7.46 as of September 13, 2024.

What is the market cap of Rocket Lab USA (RKLB)?

The market cap of Rocket Lab USA (RKLB) is approximately 3.6B.

What does Rocket Lab USA, Inc. do?

Rocket Lab USA, Inc. designs, manufactures, and launches rockets and spacecraft, providing access to space for small satellites.

What is the Electron rocket?

The Electron rocket is the world's first fully carbon composite orbital launch vehicle, powered by 3D printed, electric pump-fed engines.

Where is Rocket Lab headquartered?

Rocket Lab is headquartered in Huntington Beach, California, USA.

Where does Rocket Lab launch its rockets?

Rocket Lab launches its rockets from Rocket Lab Launch Complex 1 in Mahia, New Zealand.

When did Rocket Lab reach orbit for the first time?

Rocket Lab reached orbit for the first time on January 21, 2018, with the Electron rocket.

What are the main segments Rocket Lab operates in?

Rocket Lab operates in two main segments: Launch Services and Space Systems.

What markets does Rocket Lab serve?

Rocket Lab serves civil, defense, and commercial markets, with key revenue from the United States, Japan, Germany, and other international clients.

What is the Photon satellite platform?

The Photon satellite platform is designed and manufactured by Rocket Lab to support a variety of space operations, including Earth observation and communications.

What is Rocket Lab's launch frequency capability?

Rocket Lab's launch complex in New Zealand is licensed to launch every 72 hours, enabling a high launch frequency.

What are some recent achievements of Rocket Lab?

Recent achievements include successful deployments of multiple satellites for various private and public sector organizations, enhancing capabilities in national security, scientific research, and climate monitoring.

Rocket Lab USA, Inc.

Nasdaq:RKLB

RKLB Rankings

RKLB Stock Data

3.58B
496.64M
10.71%
56.38%
10.65%
Aerospace & Defense
Guided Missiles & Space Vehicles & Parts
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United States of America
LONG BEACH