I don’t know about you, but everytime I see Rocket Lab all over the media, my mind goes straight to Rocket Power (if you don’t know what Rocket Power is, you’re either way older than me… or just a Gen Z pup). But alas, the good news, is that it turns out Rocket Lab is doing more than just playing with model rockets in the backyard.

Rocket Power, baby (Source: X) 

In fact, after yesterday's earnings, Rocket Labs launched north of 50% while flirting with an all-time high. Why? Well, aside from the fact that space companies are apparently the new crypto, Rocket Lab reported third-quarter revenue of $104.8 million, up 55% from the same period last year. Wall Street was expecting $103 million, so naturally, investors started throwing their money at it like it’s the next SpaceX. 

(Source: CNBC) 

The reason for the beat mainly came down to the fact that Rocket Lab has recently locked in its first customer for the Neutron rocket, a bigger, shinier version of their current rocket, Electron. The buyer? A “confidential commercial satellite constellation operator.” Translation: someone with a satellite addiction and deep pockets. They’ve locked in two missions for mid-2026, at a price that’s “consistent with our target”—which, if you’re wondering, is about $50 million per launch. Bigly. 

(Source: Barrons)

Now that’s all cool and all, but what really matters to people like you and I is the stock performance. Shares jumped as much as 53% on Wednesday, up from $14.66 a share on Tuesday, and it looks like they’re on their way to surpassing the previous all-time high of $20.72 set back in September 2021 (a.k.a. After Rocket Labs SPAC deal, and a time when  every company with a dream and a ticker symbol was going public faster than you could say “overvalued.”) 

On the other hand though, it’s definitely not all sunshine and liftoffs. Rocket Lab’s net loss widened to $51.9 million from $40.6 million a year ago. Which seems bad, but not as bad as it sounds (see: Wall Street was expecting them to lose more). Meaning, they posted a loss of 10 cents per share, which beat the analysts’ estimate of 11 cents. So, by stock market logic, that’s a win LOL.

(Source: Giphy) 

Additionally, the real star of the show was Rocket Lab’s Space Systems unit, which brought in $83.9 million this quarter. That’s up from $46.3 million last year, so clearly, someone’s buying their satellite parts. Meanwhile, the Launch unit (aka the part that makes rockets go boom) brought in $21 million—basically the same as last year. 

Plus, add to the fact that their Electron rocket has become the third-most-frequently launched orbital rocket in the world - they are kind of a big deal, even if they’re still miles behind SpaceX.

(Source: IBD) 

When it comes to their new Neutron though, they’re aiming to get this thing in the air by mid-2025, and it’s their best shot at breaking into the big money of U.S. national security launches. Rocket Lab is already testing the engines for Neutron, and they’ve got 21 of these rockets on order. If they can pull this off, it could be their ticket to a $5.6 billion contract with Uncle Sam.

(Source: Rocket Lab) 

In the end, it’s clear that Rocket Lab is making moves and picking up speed, but let’s come back to Earth (pun intended). They’re still losing money, and the big flashy Neutron isn’t flying yet. So yeah, there are still things up in the air with this one…

In the meantime, keep an eye on Rocket Lab and keep an eye on Elon. Because when someone starts taking some of his lunch money… things tend to get crazy, fast. As always, stay safe and stay frosty, friends! Until next time… 

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Stocks.News does not hold positions in companies mentioned in the article.