Rocket Lab Reports 73% Year-Over-Year Revenue Growth and $3.57 Billion Backlog

Rocket Lab (RKLB) reported strong third-quarter 2026 financial results, highlighted by a 73% year-over-year increase in revenue to $268 million. The company's total backlog has reached $3.57 billion, spanning 117 launches and over 55 spacecraft. A significant driver of growth is the Neutron medium-lift launch vehicle, which secured eight launches during Q3 totaling approximately $515 million at escalated base prices. The company is strategically pivoting toward space services and constellation management to secure recurring revenue. This expansion is supported by the fully financed acquisition of Iridium and a completed $2.4 billion at-the-market equity offering. With high mission success rates for its Electron vehicle and increasing demand due to global launch scarcity, Rocket Lab is positioning itself as a vertically integrated leader in both launch services and satellite manufacturing.

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