Rocket Lab Stock Surges on Record Revenue and New Contracts
Rocket Lab's stock surged 25% in after-hours trading following the announcement of a 55% increase in third-quarter revenue to $104.8 million and the signing of its first customer for the upcoming Neutron rocket. Despite a rise in net loss to $51.9 million, the company forecasts strong fourth-quarter revenue and secured a launch deal with a confidential satellite operator for 2026. The Neutron launch is priced around $50 million, aligning with Rocket Lab's targets.