Rocket Lab Revenue Reaches Record $268 Million as Backlog Hits $3.57 Billion

Rocket Lab Corporation (RKLB) posted record third-quarter revenue of $268 million and a $3.57 billion backlog, expanding its order book as its net loss widened from a year earlier. Revenue grew 73% from the year-earlier quarter. Backlog rose 52% from the previous quarter and included 117 launches. Rocket Lab also secured $470 million in new Space Systems contracts. The company recorded an $80 million net loss, compared with $18.3 million a year earlier. Its adjusted EBITDA loss for the quarter was $18 million. Rocket Lab forecast fourth-quarter revenue of $270 million to $290 million and an adjusted EBITDA loss of $14 million to $20 million. Neutron, Rocket Lab’s reusable medium-lift rocket, gained more than $515 million in launch contracts from five constellation operators.

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