Rocket Lab Stock Pops After Record $200 Million Quarter. The Bigger Story Is Neutron
Rocket Lab shares jumped 6.6% in premarket trading after reporting record Q1 revenue of $200.3 million and announcing its largest-ever launch contract, covering five Neutron and three Electron missions. The company’s backlog rose above $2.2 billion. Rocket Lab also won a $30 million contract from Anduril for hypersonic test launches and was selected with Raytheon for a U.S. Space Force program. Net loss narrowed to $45 million.