Rocket Lab still burning cash to reach new heights

Rocket Lab launched two rockets for NASA's TROPICS mission, putting hurricane monitoring satellites into space. (Image: Rocket Lab)

Ben Moore

Wed, 09 Aug 2023

Rocket Lab continued to spend money to make money, increasing revenue and margin, as well as operating expenses and its net loss for the half year to June 30.The company’s latest US Securities and Exchange Commission (SEC) filings showed a year-on-year revenue increase of 21.6% to US$116.9 million (NZ$193m).The rocket launch and space services company also noted an increase in net loss of 42.7% from US$64.1m to US$91.5m. The company listed a series of successes that it saw in the last quarter at its investor presentation on Wedn...

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