Rocket Lab stock pops 25% after company reports strong revenue growth, first Neutron deal
Publishing timestamp: 2024-11-12 18:43:08
Summary
Rocket Lab reported strong third-quarter results, with revenue increasing by 55% and announcing its first customer for its Neutron vehicle. The company's stock has been soaring in the past three months, nearly tripling in value. Rocket Lab also revealed plans for the Neutron rocket, with a launch deal signed for mid-2026. The company's focus on developing Neutron and Archimedes engines is driving most of its quarterly losses, but investors are optimistic about the potential for tapping into larger markets, including U.S. national security launches.
Sentiment: MIXED
Tickers: RKLB,
Keywords: breaking news: technology, science, rocket lab usa inc, the edge, earnings, breaking news: business, technology, space industry, transportation, aerospace and defense industry, business, business news,
Source: https://www.cnbc.com/2024/11/12/rocket-lab-rklb-q3-strong-revenue-growth-first-neutron-deal.html