Here’s Why Rocket Lab Will 5x Before 2035

Core Insights - Rocket Lab reported record Q3 revenue of $155 million, reflecting a 48% year-over-year increase and aligning with the upper end of management's guidance [1][7] - The company's contract backlog exceeded $1 billion, with $100 million in new launch contracts secured in Q3, indicating strong future revenue visibility [5][7] Business Performance and Growth - The significant revenue growth highlights Rocket Lab's operational strength amid increasing demand in the space industry and competition, particularly targeting the market currently dominated by SpaceX's Falcon 9 [4] - Rocket Lab's Electron rocket continues to perform well, securing 17 new missions in Q3 and achieving successful hypersonic tests, positioning the company for a record number of launches in 2026 [6] - The Electron rocket's reliability and precision for small payloads are critical for customers deploying satellite constellations quickly, allowing Rocket Lab to capture approximately 50% of the small launch market [6] Challenges and Market Reaction - Despite the strong earnings report, Rocket Lab's stock fell over 12% due to concerns regarding delays in the launch schedule of the Neutron rocket, which has been postponed from late 2025 to 2026 [2] - The Neutron rocket is essential for accessing the medium-lift segment of the space market and is seen as a key driver for Rocket Lab's next growth phase [2]