Precisely How Bad Is Rocket Lab's Neutron News?
Rocket Lab's Neutron rocket is a really big deal. How big? Sit back and let Rocket Lab's leaders tell you all about it.
Rocket Lab (NASDAQ: RKLB) stock tumbled ahead of earnings last week, but it's been making up ground since -- and rightly so. Rumors of rocket launch delays and wobbly stock price notwithstanding, investors should probably be pretty happy right now, after the flurry of press releases this company announced surrounding its earnings.
In addition to reporting "record-setting" revenue in 2024, and a record 16 successful rocket launches for the year, the space company informed investors of a multilaunch deal secured with Japan's iQPS satellite service, a new satellite design -- called a "Flatellite" -- for a satellite constellation it hopes to build, and the purchase of a barge that Rocket Lab plans to convert into a floating landing pad to receive landing first stages of its new Neutron reusable rocket.
Image source: Rocket Lab.
