Sir Peter Beck Hails Defining Quarter For Rocket Lab
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Rocket Lab has posted record quarterly revenue of just under NZ$476 million, up about $60 million on the previous quarter.
The New Zealand-founded rocket and satellite company also announced about $1.78 billion in new launch contracts signed across its Electron, HASTE and Neutron rockets. That brought its total launch backlog to 117 launches, a new record, the company said.
Rocket Lab posted an adjusted loss of between $25 million and $36 million.
Founder and chief executive Sir Peter Beck said it was a defining quarter for the company.
"Our end-to-end space strategy is delivering exactly as designed: the world's most critical and ambitious missions increasingly rely on Rocket Lab for launch, spacecraft and components, sometimes all on a single mission, and every part of our business is growing as a result."
Twelve Rocket Lab-built spacecraft were successfully launched to orbit. More than 55 are now in development, including spacecraft for NASA and the Space Development Agency.
On its yet-to-debut Neutron rocket, Rocket Lab said it had $914m in Neutron launch contracts. That took the rocket's backlog to 16 missions ahead of its debut and lifted the base launch price to $124 million for several of these missions as industry launch capacity tightened.
For the fourth quarter, the company said it expected to earn between $479 million and $515 million.