What Happened
Stock Rises 3.9% Ahead of Q2 Earnings Release
Rocket Lab Corp. has secured a $397 million contract with the U.S. Space Force to build and launch Flatellite spacecraft using its upcoming Neutron rocket. The company’s stock rose 3.9% ahead of its Q2 earnings release, driven by market optimism surrounding the contract win. Analysts expect revenue of $231.07 million and a loss of 8 cents per share. Rocket Lab’s backlog has reached a record $2.2 billion, supporting analyst expectations of 60% revenue growth. This news was first reported by an unknown source.