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 ...

Launch Services and Space Systems Performance - Rocket Lab's Electron launch vehicle has delivered 171 spacecraft to orbit and one suborbital launch across 37 successful missions through September 30, 2023[92] - The company's revenue for the three months ended September 30, 2023, was $67.7 million, a 7% year-on-year increase, driven by space systems growth of $6.3 million[104] - Revenue for the nine months ended September 30, 2023, was $184.6 million, a 16% year-on-year increase, primarily due to higher launch cadence and space systems growth[105] - Rocket Lab's backlog increased from $503.6 million as of December 31, 2022, to $582.4 million as of September 30, 2023, with $250.7 million related to Launch Services and $331.7 million related to Space Systems[109] - The company experienced an anomaly during its 41st Electron mission on September 19, 2023, resulting in a total loss of power and mission failure, which delayed scheduled launches and negatively impacted launch revenue[96][101] - Rocket Lab plans to resume Electron launches with a dedicated mission for Japan-based iQPS during a launch window opening on November 28, 2023[100] - The company's revenue value per launch for the three months ended September 30, 2023, was $7.1 million, compared to $7.7 million in the same period in 2022[107] - Rocket Lab's launch vehicle build rate increased from approximately 8 in 2021 to 12 in 2022, with an anticipated build of approximately 13 launch vehicles in 2023[103] - Revenue increased by $4.6 million, or 7%, for the three months ended September 30, 2023 compared to the same period in 2022, driven by a 16% growth in Space Systems revenue to $46.3 million[124] - Revenue for the nine months ended September 30, 2023 increased by $25.4 million, or 16%, to $184.6 million, with Launch Services revenue growing 30% to $63.4 million[134] Neutron Development and Future Plans - Rocket Lab's Neutron launch vehicle, currently in development, is expected to increase payload capacity to approximately 15,000 kg for expendable launches to low Earth orbit[93] - The company acquired assets from Virgin Orbit Holdings, Inc. in June 2023 to support the development of Neutron and expand its Electron and Space Systems businesses[94] - The company plans to continue significant investments in developing new products, including the Neutron launch vehicle, Electron's first stage recovery, and Photon spacecraft capabilities[118] Financial Performance and Expenses - Cost of revenues decreased by $1.9 million, or 3%, for the three months ended September 30, 2023, with Launch Services cost of revenues decreasing by 35% to $15.5 million[125] - Research and development expense increased by $9.1 million, or 52%, for the three months ended September 30, 2023, primarily due to Neutron development progress and increased staff costs[126] - Selling, general and administrative expense increased by $4.2 million, or 18%, for the three months ended September 30, 2023, driven by business development initiatives and professional services costs[127] - Net loss for the three months ended September 30, 2023 was $40.6 million, or 60.1% of revenue, compared to a net loss of $34.6 million, or 55.0% of revenue, in the same period in 2022[123] - Cost of revenues as a percentage of total revenue decreased to 78% for the three months ended September 30, 2023, compared to 87% in the same period in 2022[125] - Research and development expense as a percentage of total revenue increased to 39.4% for the three months ended September 30, 2023, compared to 27.8% in the same period in 2022[123] - The company expects cost of revenues to increase in absolute dollars but decrease as a percentage of revenue over time as it grows into current capacity and executes cost-reduction initiatives[115] - Cost of revenues increased by $6.6 million, or 5%, to $148.7 million for the nine months ended September 30, 2023, compared to $142.1 million in the same period in 2022[135] - Research and development expenses increased by $31.4 million, or 63%, to $81.6 million for the nine months ended September 30, 2023, driven by Neutron development and staff costs[136] - Selling, general and administrative expenses increased by $19.4 million, or 30%, to $84.4 million for the nine months ended September 30, 2023, due to business expansion and higher staff-related costs[137] - Interest expense, net of interest income, decreased by $4.1 million, or 59%, to $2.8 million for the nine months ended September 30, 2023, primarily due to increased interest income on marketable securities[138] - Loss on foreign exchange decreased by $3.9 million, or 98%, to $76,000 for the nine months ended September 30, 2023, due to the New Zealand intercompany loan[139] - Other income increased by $2.9 million, or 463%, to $3.5 million for the nine months ended September 30, 2023, primarily due to accretion of marketable securities[141] Cash Flow and Financial Position - The company had $140.9 million in cash and cash equivalents and $229.5 million in marketable securities as of September 30, 2023[143] - Net cash used in operating activities was $56.7 million for the nine months ended September 30, 2023, compared to $87.6 million in the same period in 2022[147] - Cash used in investing activities was $49.2 million for the nine months ended September 30, 2023, driven by capital equipment and infrastructure investments[149] - The company expects capital and operating expenditures to increase significantly due to ongoing activities, including product development and market expansion[146] - Cash and cash equivalents totaled $140.9 million, with $229.5 million invested in marketable securities as of September 30, 2023[155] Internal Controls and Risk Management - SolAero's internal control weaknesses impacted 14% of consolidated total assets and 38% of total revenues as of December 31, 2022[160] - Management implemented a remediation plan to address material weaknesses in internal controls, focusing on segregation of duties, privileged access, and IT system changes[161][162] - The company excluded SolAero from its assessment of disclosure controls and procedures during the first year post-acquisition[159] - The company maintains disclosure controls and procedures to ensure timely and accurate financial reporting[158] - No material changes in internal control over financial reporting occurred during the quarter, other than SolAero-related issues[162] - The company is not involved in any pending litigation that could materially impact its financial condition or operations[163] Inflation and Market Conditions - Inflation has not materially affected the company's business, but significant inflationary pressures could harm margins and profitability[156]

Rocket Lab USA, Inc. (NASDAQ:RKLB) Q2 2023 Earnings Conference Call August 8, 2023 4:30 PM ET Company Participants Colin Canfield - Manager of Investor Relations Peter Beck - Founder, President and Chief Executive Officer Adam Spice - Chief Financial Officer Conference Call Participants Erik Rasmussen - Stifel Suji Desilva - ROTH MKM Kristine Liwag - Morgan Stanley Cai von Rumohr - Cowen Jason Gursky - Citi Andre Madrid - Bank of America Securities Edison Yu - Deutsche Bank Operator Thank you for standing b ...

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 June 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) (State or other jurisdiction o ...

Rocket Lab USA, Inc. (NASDAQ:RKLB) Q1 2023 Earnings Conference Call May 9, 2023 4:30 PM ET Company Participants Colin Canfield - Manager, Investor Relations Peter Beck - Founder & Chief Executive Officer Adam Spice - Chief Financial Officer Conference Call Participants Erik Rasmussen - Stifel Suji Desilva - ROTH Jason Gursky - Citi Edison Yu - Deutsche Bank Operator Hello and thank you for standing by. My name is Jessica and I'll be your conference operator today. At this time, I would like to welcome every ...