Rocket Lab Surges 30% After Revenue Beat and Record Launch Deal
Rocket Lab's stock surged 30% to a record high following better-than-expected first-quarter revenue and the announcement of its largest-ever launch deal. The company reported $136.7 million in space systems revenue and $63.7 million in launch segment revenue, exceeding estimates. Rocket Lab also announced a $2.2 billion backlog and a deal with a confidential customer for its Neutron and Electron rockets through 2029.
Topics: IPO anticipation M&A space economy stock performance