Overview
- Rocket Lab, which reported Q1 results Thursday, delivered $200.3 million in revenue with 63.5% growth and a record 38.2% GAAP gross margin.
- Management guided Q2 revenue to $225 million–$240 million, well above Wall Street forecasts, and projected non-GAAP gross margin of 38%–40%.
- Total contracted backlog reached about $2.2 billion after a 20.2% jump, with 31 new Electron and HASTE launch deals plus five Neutron missions pushing the manifest past 70 flights.
- Defense work accelerated with selection for the Space-Based Interceptor effort under Golden Dome with Raytheon and a $30 million Anduril award for three HASTE hypersonic test launches.
- Neutron development advanced toward a first flight targeted later this year, and a launch agreement announced Thursday for five Neutron and three Electron missions marked the company’s largest launch deal to date.