Rocket Lab USA Inc is an aerospace manufacturer and small satellite launch service provider that specializes in providing cost-effective and agile solutions for delivering payloads to space
The company designs and builds rockets, notably the Electron launch vehicle, which is tailored for launching small satellites into orbit. Rocket Lab also offers various satellite solutions and services, facilitating a range of applications, from scientific research to commercial telecommunications. With a focus on innovation and efficiency, Rocket Lab aims to expand access to space for a diverse array of customers, including government agencies and private enterprises.
Rocket Lab announced an upcoming mission for Japanese customer iQPS. The mission, named "The Lightning God Reigns", will launch from Rocket Lab's private orbital launch site.
Aerospace and defense technology solutions provider Astronics Corporation (NASDAQATRO)
will be reporting earnings tomorrow after the bell. Here’s what you need to know.
Rocket Lab USA Inc (NASDAQRKLB) shares are trading higher Monday as the stock continues to bounce back from an initial selloff on earnings. The company on Monday announced a successful moon landing supported by its software.
According to TheFly, Stifel lowered its price target on the stock to $27 from $31 while keeping a ‘Buy’ rating on the shares. Roth MKM lowered its price target to $25 from $30 while keeping a ‘Buy’ rating.
The Long Beach, California-based company introduced Flatellite, a new low-cost satellite catered for mass manufacture and to serve large satellite constellations.
Stocks recovered on Friday, with all three major indexes in the green, as the tech sector bounced back from Thursday's losses with NVIDIA Corp. (NASDAQNVDA) up 1.37% and Tesla, Inc. NASDAQ:TSLANASDAQTSLA)
Aerospace and defense company Rocket Lab (NASDAQRKLB) announced better-than-expected revenue in Q4 CY2024, with sales up 121% year on year to $132.4 million. On the other hand, next quarter’s revenue guidance of $120 million was less impressive, coming in 13.4% below analysts’ estimates. Its GAAP loss of $0.10 per share was in line with analysts’ consensus estimates.
Major U.S. indices closed lower on Thursday, with the Dow Jones Industrial Average slipping 0.45% to 43,239.50, the S&P 500 losing nearly 1.6% to 5,861.57
Rocket Lab reports fourth-quarter revenue of $132.39 million, beating the consensus estimate of $130.58 million. The end-to-end space company reports a fourth-quarter loss of 10 cents per share, in line with analyst estimates, according to Benzinga Pro.
The S&P 500 and Nasdaq both slipped into the red, reversing early gains on Thursday, while the Dow Jones remained in positive territory in midday trading.
Rocket Lab is one of several space stocks that have soared over the last year. Thursday's earnings report could provide a look at future missions and backlog.
