What Happened
Defense Spending Hits All-Time High Amid Global Military Buildup
Rocket Lab Corporation has secured a record $266 million contract from the US Space Force to provide approximately a dozen suborbital launches. This marks the largest launch contract award in Rocket Lab’s history, with the first launch expected to take place before the end of 2026. The deal arrives against a backdrop of surging global military expenditure, with global military spending reaching a record $2.9 trillion in 2025. Rocket Lab’s expanded scope as a space systems company allows it to capture a greater share of revenue across each customer program, strengthening its competitive position. This development was reported by an unknown source.