Rocket Lab still loss-making despite revenue lift-off

Rocket Lab still loss-making despite revenue lift-off
Rocket Lab's latest Electron launch on Tuesday morning from Mahia. (Image: Rocket Lab)
Henry Burrell
Rocket Lab reported a net loss of US$117.7 million (NZ$173.9m) for the twelve months ended Dec 31, 2021, despite posting increased revenue of US$62.2m for the period.This loss was up 214% on the US$55m loss for the year ended Dec 31, 2020, while revenue grew 77% annually from the US$35.2m of the prior period.US$39m in revenue was from the company’s launch services for customers, such as on its Electron vehicle that launches from Mahia, New Zealand, while US$23.2m came from the space systems side of the business, which provides componentry...

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