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Rocket Lab Awarded $266M Space Force Contract
['Kevin Costelloe', 'Tech Reporter At Orange County Business Journal']
Orange County Business Journal
Rocket Lab Corp. said it has been awarded its largest launch contract to date, a $266 million multi-launch contract with the U.S. Space Force (Nasdaq: RKLB).
Under the contract, Rocket Lab will execute 12 suborbital launches, with up to six additional launches, the Long Beach-based company said Monday.
The first launch of this contract is expected to take place no earlier than the end of 2026.
Shares in Rocket Lab fell 6.2% to $59.94 for a market cap of $38 billion.