Rocket Lab pushes to get launch business back on track, with 22 Electron missions booked next year
Publishing timestamp: 2023-11-08 16:55:24
Summary
Rocket Lab reported its third-quarter results, which showed continued strength in its space systems division. The company reported a net loss of $40.6 million, slightly better than expected. Rocket Lab has fully booked its schedule of Electron missions for next year, with 22 launches expected in 2024. The company experienced a mission failure in mid-September but expects to resume launches by November 28. Rocket Lab's space systems unit brought in the majority of its revenue, and the company is making progress in developing its next-generation Neutron vehicle. For the fourth quarter, Rocket Lab expects revenue between $65 million and $69 million.
Sentiment: NEUTRAL
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Keywords: rocket lab usa inc, breaking news: technology, breaking news: business, the edge, space industry, earnings, business, science, business news, technology, aerospace and defense industry, transportation,
Source: https://www.cnbc.com/2023/11/08/rocket-lab-rklb-q3-earnings-report.html