Thursday, Rocket Lab Corporation (RKLB) announced its first-quarter financial results, reporting a net loss of $45 million, or $0.07 a share, compared to $60.6 million, or $0.12 a share, last year.
Total revenues rose to $200.3 million from $122.6 million in the prior year.
Looking ahead to the second quarter, the company expects revenue between $225 million and $240 million, and adjusted EBITDA loss of between $20 million and $26 million.
While reporting the first-quarter results, Rocket Lab made several significant announcements.
Agreement to acquire Motiv Space Systems -
The company has entered into a definite agreement to acquire Motiv Space Systems for an undisclosed sum. The deal is expected to position Rocket Lab to play a critical role in future lunar and planetary exploration missions, and expand into significant national security programs. Following the acquisition, set to close during the second quarter of 2026, Motiv will be renamed as 'Rocket Lab Robotics.'
Largest Multi-Launch contract -
The company has signed its largest multi-launch order, which includes dedicated missions on five Neutron and three Electron rockets for a confidential customer with the launches baselined for 2026-2029. Notably, pricing for these launches aligns with Rocket Lab's average selling price for Neutron and Electron.
Rocket Lab and Raytheon selected for U.S. Space Force's Space Based Interceptor Program -
The company and Raytheon, a unit of RTX Corp. (RTX), have been selected to demonstrate advanced capabilities for the United States Space Force's Space Based Interceptor program.
$30 Million Contract for HASTE Hypersonic Rocket Launch
The company has been selected by defense technology company Anduril Industries for multiple hypersonic test flights with its HASTE launch vehicle. The multi-launch contract includes three HASTE hypersonic test launches that will take place from Rocket Lab Launch Complex 2 in Virginia.
During the after hours trading, RKLB is climbing 5.88 percent, to $83.29 on the Nasdaq.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.