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Rocket Lab revenue climbs 62% as backlog reaches record $2.36 billion
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Market Business News
Rocket Lab reported record second-quarter revenue of $234.1 million, up 62% from $144.5 million a year earlier, as product sales almost doubled.
Its backlog was 137% higher than a year earlier at a record $2.36 billion, although the space company remained unprofitable.
Rocket Lab posted an operating loss of $57.5 million, slightly smaller than the $59.6 million loss recorded a year earlier.
Rocket Lab has also established Rocket Lab Germany GmbH.
Rocket Lab forecasts another record quarterRocket Lab expects third-quarter revenue of between $250 million and $265 million.