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 rising to $104.8 million, a 55% increase from $67.6 million in the same period last year. Its net loss also increased year over year, from $40.6 million to $51.9 million.
Rocket Lab forecast fourth-quarter revenue of between $125 million and $135 million, which would put the company’s revenue this year at about $430 million at the midpoint.
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, at a price “consistent with our vehicle goals,” Rocket Lab said. 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.
