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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 (RKLB) confirmed plans to attempt mid-air recovery of a returning rocket booster with a helicopter during its next recovery mission. This follows the successful simulation of helicopter operations during their 22nd Electron launch. The mission on 18 November, 2021 saw controlled splashdown and retrieval of Electron’s first stage, halving recovery time to 80 minutes. Future missions will include enhancements like auxiliary fuel tanks for extended flights and thermal protection for the booster. Rocket Lab aims to lead in reusable orbital-class rockets, improving access to space.

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Rocket Lab USA, Inc. (Nasdaq: RKLB) has signed an exclusive license agreement with the Johns Hopkins University Applied Physics Laboratory to commercialize the Frontier-S software defined radio (SDR). This technology enables affordable communications and navigation for deep space and planetary missions. The Frontier-S SDR is compatible with small satellites and offers high reliability for demanding missions. Rocket Lab plans to integrate this technology into upcoming missions, including NASA's CAPSTONE mission to the moon and its private mission to Venus, enhancing its competitiveness in the space sector.

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Rocket Lab (RKLB) successfully deployed two BlackSky (BKSY) satellites into orbit during the 'Love At First Insight' mission on November 18, 2021. This marked the Electron rocket's 22nd launch from New Zealand's Mahia Peninsula, bringing Rocket Lab's total satellite deployments to 107. The mission also demonstrated new helicopter operations for tracking the rocket's first stage during its recovery. This achievement advances Rocket Lab's goal of making Electron the first reusable small rocket, enhancing its competitive edge in the satellite launch market.

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Rocket Lab USA (RKLB) announced strong Q3 2021 results with revenue of $5.3 million, exceeding prior guidance. Backlog increased from $141 million in June to $237 million by mid-November. Space Systems revenue surged by 360% year-over-year, representing 27% of total revenue year-to-date. The merger with Vector Acquisition Corp resulted in a cash balance of $792.7 million as of September 30, 2021. Q4 2021 guidance anticipates revenue between $23 million and $25 million, with a net loss between $24 million and $26 million.

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Rocket Lab USA (NASDAQ: RKLB) has signed a definitive agreement to acquire Planetary Systems Corporation for $42 million and 1,720,841 shares of its common stock. PSC specializes in spacecraft separation systems and has a history of 100% mission success across over 100 missions. The acquisition, expected to close in Q4 2021, enhances Rocket Lab’s space systems division, enabling the integration of PSC's proven hardware into its launch offerings. Rocket Lab aims to leverage PSC's capabilities to expand its market presence and create synergies in service delivery.

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Rocket Lab USA, Inc. (NASDAQ: RKLB) announced the appointment of Andrew Bunker as Vice President of Government Operations and Business Strategy, effective November 8, 2021. Bunker will lead the company’s strategy for federal, state, and local government relations. His experience includes over a decade in legislative affairs, notably at United Launch Alliance. The appointment coincides with Rocket Lab's acquisition of Advanced Solutions Inc and efforts to establish a new production facility and launch site for its Neutron rocket, enhancing the company's strategic footprint.

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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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FAQ

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

The current stock price of Rocket Lab USA (RKLB) is $25.59 as of December 23, 2024.

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

The market cap of Rocket Lab USA (RKLB) is approximately 12.6B.

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

12.59B
443.29M
10.9%
55.1%
10.75%
Aerospace & Defense
Guided Missiles & Space Vehicles & Parts
Link
United States of America
LONG BEACH