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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.

News

Rocket Lab Successfully Launches Mission Designed to Investigate Removing Space Junk from Orbit

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Rocket Lab successfully launches Electron rocket deploying ADRAS-J satellite for Astroscale Japan Inc for orbital debris inspection. The mission aims to test technologies for approaching and monitoring space junk, supporting space sustainability. The satellite will observe a derelict rocket stage left in orbit and assess methods for deorbiting. The launch required precise timing and orbital deployment parameters, showcasing Rocket Lab's advanced capabilities.
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Rocket Lab Prepares to Bring In-Space Manufacturing Capsule Back to Earth for Varda Space Industries

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Rocket Lab receives world-first FAA reentry license for in-space manufacturing capsule, enabling targeted reentry of high-value goods in space. The mission involves complex maneuvers and de-orbit burns on Rocket Lab's satellite hosting Varda Space Industries' capsule, Winnebago-1, for Ritonavir crystal growth.
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Rocket Lab Sets Launch Window for Astroscale Orbital Debris Inspection Demonstration Mission

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Rocket Lab USA, Inc. (Nasdaq: RKLB) announced the launch window for Astroscale’s orbital debris inspection demonstration mission. The mission aims to test technologies for approaching and monitoring space debris, with the goal of ensuring sustainable use of space for future generations. The ADRAS-J satellite will observe and understand an aged, derelict rocket stage in orbit, with a mission duration of 3 to 6 months. The highly responsive mission planning and tight margins on orbital parameters make it a complex and pivotal mission for space sustainability.
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Rocket Lab Announces Closing of Upsized Offering of $355 Million Convertible Senior Notes

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Rocket Lab USA, Inc. has closed a private offering of $355.0 million principal amount of 4.250% convertible senior notes due 2029 to qualified institutional buyers. The offering includes a $55.0 million option to purchase additional notes. The net proceeds of $300.3 million will be used for various purposes, including repaying borrowings and potential acquisitions. The notes have an interest rate of 4.25% per year, payable semi-annually, and are not redeemable before February 1, 2027.
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Rocket Lab Announces Pricing of Upsized Offering of $300 Million Convertible Senior Notes

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Rocket Lab, a global leader in launch services and space systems, announced the pricing of its private offering of $300.0 million aggregate principal amount of 4.250% convertible senior notes due 2029. The offering was upsized from the previously announced offering size of $275.0 million aggregate principal amount of notes. The notes will mature on February 1, 2029, unless earlier converted, redeemed, or repurchased. The net proceeds from the offering are expected to be approximately $290.2 million. Rocket Lab intends to use the proceeds for working capital, potential acquisitions, and strategic transactions.
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Rocket Lab Announces Proposed Offering of $275 Million Convertible Senior Notes

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Rocket Lab USA, Inc. is offering $275 million in convertible senior notes due 2029 to qualified institutional buyers. The notes will be senior, unsecured obligations, with interest payable semi-annually in arrears. Rocket Lab intends to use the net proceeds to pay for capped call transactions, repay borrowings, and for working capital or other general corporate purposes, including potential acquisitions and strategic transactions.
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Rocket Lab Announces Preliminary Fourth Quarter 2023 Financial Results After Successful Launch for Spire and NorthStar

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Rocket Lab USA, Inc. (Nasdaq: RKLB) shared preliminary financial results for its fiscal Q4 ended December 31, 2023, following the successful deployment of Spire and NorthStar’s Space Situational Awareness Mission. Revenue was impacted by a postponed Electron launch, but the Space Systems business showed strength. Estimated preliminary unaudited results for Q4 2023 include revenue of $59-61 million, with a net loss of $49-52.5 million. The GAAP gross margin is estimated to be 24.8-26.8%, and the non-GAAP gross margin is estimated to be 31.4-33.2%. Operating expenses are estimated to be $62.5-64.5 million, with an adjusted EBITDA loss of $28-30 million.
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Rocket Lab Successfully Launches First Electron Mission of Busy 2024 Launch Schedule

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Rocket Lab USA, Inc. (Nasdaq: RKLB) successfully launched its 'Four Of A Kind' mission for Spire Global, Inc and NorthStar Earth & Space, deploying four Space Situational Awareness satellites to a 530km circular Earth orbit. This marked Rocket Lab's 43rd Electron launch, with a record of 176 successfully deployed satellites. The mission also achieved the first successful return of Electron's first stage from space, indicating Rocket Lab's progress towards making Electron the world's first reusable small orbital rocket.
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Rocket Lab Announces Date of Fourth Quarter 2023 Financial Results

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Rocket Lab USA, Inc. (RKLB) will release its financial results for the fourth quarter and full year 2023 on February 27, 2024. The corresponding conference call will be hosted at 2:00 p.m. Pacific Time. A live webcast and replay of the call will be available on the Company’s Investor Relations website.
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Rocket Lab to Present at Upcoming Conferences

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Rocket Lab USA, Inc. (Nasdaq: RKLB) will be participating in several conferences in January, February, and March 2024 to discuss its launch services and space systems. The conferences include Barclays Launchpad: Investing in Space, TD Cowen 45th Annual Aerospace & Defense Conference, Citi's 2024 Global Industrial Tech and Mobility Conference, and 36th Annual Roth Conference. The Chief Financial Officer, Adam Spice, will be attending these events. A replay of the presentations will be available on the company's investor website.
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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 $23.26 as of November 22, 2024.

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

The market cap of Rocket Lab USA (RKLB) is approximately 11.7B.

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.

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Rocket Lab USA, Inc.

Nasdaq:RKLB

RKLB Rankings

#790 Ranked by Market Cap
N/A Ranked by Dividends

RKLB Stock Data

11.70B
443.05M
10.95%
50.69%
11.87%
Aerospace & Defense
Guided Missiles & Space Vehicles & Parts
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United States of America
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