Rocket Lab reports US$85m loss, 70% revenue jump

(Image: BusinessDesk)

Fri, 09 Aug 2024

Rocket Lab shares jumped to US$5.43 (NZ$9.04) in after-market trading (from a US$4.77 close) after the Kiwi-American firm reported June quarter revenue that jumped 70% to US$106.2 million versus the year-ago quarter.The increase came from more launches, but also “significant growth” in its systems business, which is set to hit headlines later this year when two Rocket Lab-designed and built spacecraft go into orbit around Mars as part of Nasa’s Escapade mission to study the Red Planet’s atmosphere.Its net...

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