Shares of Rocket Lab (RKLB 7.26%) climbed as much as 7% early Thursday, then settled to trade up 4.7% after Cathy Wood's ARKQ Autonomous Technology & Robotics ETF (ARKQ 0.39%) added to its stake in the aerospace and rocket launch services specialist.ARK Invest is bolstering its stake in Rocket LabMore specifically, Wood's ARKQ exchange traded fund bought 27,324 shares of Rocket Lab on Wednesday. Yesterday's buy brought ARKQ's total stake in Rocket Lab to 3,483,938 shares, worth just over $19 million as of t ...

For nearly a decade after its formation in December 2006, the United Launch Alliance (ULA) joint venture between Boeing (BA 0.12%) and Lockheed Martin (LMT 0.45%) was the de facto dominant space-launch company in the U.S.Then came SpaceX, successfully launching a Falcon 1 rocket to orbit in 2008, launching a bigger Falcon 9 rocket in 2010, and then landing Falcon 9 rockets with regularity starting in 2015. Ever since, the balance of power between ULA and SpaceX has shifted to the point that SpaceX is gettin ...

In recent years, the space exploration market has captivated investors and onlookers worldwide. As humanity ventures beyond Earth’s atmosphere, this sector promises technological advancements and potentially lucrative returns.Interestingly, 2024 could mark a relevant point for investments in space exploration, triggering a new era of economic growth. This industry has the potential to pioneer scientific knowledge and pave the way for many opportunities for humankind.As we glance at the space-related roster, ...

In this video, I will talk about Rocket Lab (RKLB 2.57%), and why some people view this as the perfect SpaceX substitute investment.*Stock prices used were from the trading day of Dec. 22, 2023. The video was published on Dec. 24, 2023. ...

Key TakeawaysRocket Lab USA shares skyrocketed after it received a U.S. government contract worth as much as $515 million.The deal calls for the satellite launch firm to design, build, deliver, and operate 18 space vehicles.Last week, Rocket Lab launched its 42nd rocket and 10th this year to deliver a Japanese company's Earth-imaging satellite.Shares of Rocket Lab USA (RKLB) blasted off after the satellite launch company said it had received a U.S. government contract worth up to $515 million.In a regulator ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Rocket Lab USA (RKLB 22.33%) has secured a U.S. government contract worth up to $515 million, a big boost to the space start-up. Investors are cheering the news, sending shares of Rocket Lab up 20% at the open on Friday.A big deal for a powerful little companyRocket Lab is one of several companies racing to benefit from the commercialization of space. The company was formed in 2006 and went public in 2021 via a special purpose acquisition company (SPAC), offering a full package to help government and commer ...

Rocket Lab USA stock rallied in premarket trade Friday as the company said it’s won a U.S. government contract worth as much as $515 million. In a Securities and Exchange Commission filing, it said agreed to design, manufacture, deliver, and operate 18 space vehicles. The base amount of the contract is $489 million and incentives and options total $26 million, it said. Work under the agreement will begin immediately with launch slated for 2027, operation of the satellites through 2030, and an option to o ...

Quarter-on-Quarter GAAP SG&A expense decreased primarily due to a decrease in the change in contingent consideration related to our Planetary Systems Corporation acquisition. Non-GAAP SG&A expense increased modestly due to increases in headcount and depreciation and amortization expenses. -- Ending Cash and NonGAAP Free cash flow metrics Quarter-on-Quarter $374M in cash and cash equivalents, marketable securities and restricted cash, end of period in Q3 2023. -$10.6 -$21.0 -$6.1 -$25.2 -$16.1 -$0.8 -$50 -$4 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39560 ROCKET LAB USA, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 98-1550340 (Stat ...