Rocket Lab Posts Record $234 Million Q2 Revenue, Up 62%, but Loss Widens

3-line summary

• Rocket Lab reported record second-quarter revenue of $234 million, up 62% year-over-year, but posted a net loss of $49.3 million (8 cents per share) that missed the consensus estimate of a 6-cent loss, sending shares down 1.6% to $78.80.
• The company closed the quarter with a $2.36 billion backlog, up 137% year-over-year, and guided for third-quarter revenue of $250-265 million.
• During the quarter Rocket Lab closed its acquisitions of Mynaric and Motiv and announced an approximately $8 billion cash-and-stock deal to acquire Iridium Communications, expected to close in mid-2027.

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