Rocket Lab quarterly revenue stays steady as space company doubles order backlog
Publishing timestamp: 2023-02-28 20:05:36
Summary
Rocket Lab reported fourth-quarter revenue of $51.8 million and doubled its order backlog from $241 million to $503.6 million. The company also completed its first production building for its Neutron rocket and started construction of a launch pad in Virginia. Rocket Lab also announced a contract for four Electron launches from satellite company Capella Space and shares of Rocket Lab are up 19% so far this year.
Sentiment: POSITIVE
Tickers: RKLB,
Keywords: business, transportation, space industry, technology, breaking news: technology, the edge, rocket lab usa inc, breaking news: business, aerospace and defense industry, business news, earnings,
Source: https://www.cnbc.com/2023/02/28/rocket-lab-rklb-q4-2022-earnings.html