Rocket Lab reaching for the stars as revenue soars, losses mount

Peter Beck, Rocket Lab founder and CEO, says the team has continued its “track record of relentless execution”. (Image: Getty)

Ben Moore

Fri, 12 Aug 2022

Rocket Lab's June quarter revenue soared almost five-fold as the US/NZ space company continued to win customers wanting to use its spacecraft and components, although that's still to drop down to the bottom line.The company reported a net loss of US$37.4 million in the three months ended June, more than twice its US$16.7m a year earlier. Revenue for the quarter shot up to US$55.5m from US$11.3m a year earlier. That took the first-half loss to US$64.3m from US$32.5m a year earlier. This was on revenue in the first half of US$96.2m,...

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