Reports Q3 revenue $63.06M, consensus $60.11M. Rocket Lab founder and CEO, Peter Beck, said: "This quarter recorded historic achievements for Rocket Lab. We continued our small launch industry-leading cadence of a successful mission every month in Q3, and following another successful launch early in Q4 we have now conducted nine orbital missions in 2022, beating our previous annual launch record. The development of our large Neutron rocket was accelerated this quarter with the selection of the NASA Stennis Space Center as the site for Archimedes engine testing and development, eliminating the need to build a site from scratch and speeding up our development time to first launch. Neutron hardware was also produced for the first time this quarter, including full-scale prototypes of the rocket’s Archimedes engine and seven-metre diameter tank section."
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on RKLB:
- Rocket Lab says successfully deployed 152nd satellite
- Rocket Lab cancels attempt to catch helicopter over telemetry loss
- Rocket Lab to attempt mid-air helicopter rocket catch
- Rocket Lab announces arrival of Electron rocket at Launch Complex 2 in Virginia
- Rocket Lab initiated with Underperform on ‘several risks’ at Credit Suisse