Rocket Lab recovers from launch failure

The NZ/US space company is spending millions on the development of its Neutron rocket. (Image: BusinessDesk)

Thu, 09 Nov 2023

Rocket Lab has posted another quarter of revenue growth and profit loss, although the company is edging closer to profitability, according to an earnings call on Thursday. It also has a fully booked manifest of 22 Electron launches in 2024, nine of which will be reusable rockets, and said progress on the larger Neutron rocket continues, with successful testing of its first stage tank.Further, the anomaly that caused a launch failure in September has been identified and a solution has been put in place that should make sure it doesn't h...

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