Many investors may be waiting on the sidelines for the company to reach a major technological engineering milestone.Space launch service provider Rocket Lab (RKLB 3.40%) posted its second-quarter results late last week. And once again, they were good. Revenue was up, and gross profit margin is improving. The company expects more of the same kind of progress for the quarter currently underway, too.In other words, this growth story is panning out just as many investors were expecting.There's a reason shares d ...

Financial Data and Key Metrics Changes - The company reported record revenue of $144.5 million for Q2 2025, exceeding prior guidance and reflecting a 36% year-over-year increase [6][29] - GAAP gross margin for Q2 was 32.1%, above the guidance range of 30% to 32%, while non-GAAP gross margin was 36.9%, exceeding the guidance of 34% to 36% [30] - The company ended Q2 with a total backlog of approximately $1 billion, with launch backlog representing about 41% and space systems 59% [31] Business Line Data and Key Metrics Changes - The Space Systems segment generated $97.9 million in revenue, a sequential increase of 12.5%, driven by contributions from satellite components [29] - The Launch Services segment delivered revenue of $56.6 million, reflecting a 31.1% quarter-on-quarter increase [29] Market Data and Key Metrics Changes - Demand for services is increasing from various international space agencies, with multiple contracts signed for Electron launches this year and next [7][17] - The company secured its first direct launch contract with the European Space Agency for a pair of satellites, highlighting its international expansion [17] Company Strategy and Development Direction - The company is expanding its prime contractor status with the imminent acquisition of GEOS, enhancing its capabilities in missile tracking satellites for national security [8][9] - The strategic focus includes supporting the U.S. administration's plans for Mars exploration and developing capabilities for the Golden Dome program, a significant defense initiative [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position to capitalize on large opportunities within launch, spacecraft, and payloads, emphasizing the importance of agility and innovation in meeting urgent timelines [11][12] - The company anticipates continued growth in revenue and backlog, with expectations for Q3 revenue to range between $145 million and $155 million [38] Other Important Information - The company is preparing for the grand opening of Launch Complex 3, which is expected to enhance operational flexibility and support increased launch cadence [26][27] - The company is maintaining elevated capital expenditures leading up to Neutron's first flight, with a focus on scaling production and infrastructure [34][35] Q&A Session Summary Question: Status of the Archimedes engine performance - Management indicated satisfaction with the performance of the Archimedes engine, noting the complexity of qualifying it for various operational conditions [41][42] Question: Development of a satellite constellation - Management stated that while ambitions for a satellite constellation exist, significant announcements would not occur until after Neutron's successful flight [44][45] Question: Backlog and RFP process for SDA tranche three - Management provided an update on the timing for the RFP process, indicating expectations for announcements between September and October [51] Question: Mix of Electron and Haste missions - Management expects about three of the remaining launches this year to be Haste missions, with a total of at least 20 launches planned [57] Question: Demand for Neutron - Management noted increasing demand for Neutron as a competitor to Falcon 9, driven by both commercial and government customers [68][69] Question: Definition of a successful Neutron launch - A successful launch is defined as reaching orbit and ensuring the vehicle is ready to scale, with some flexibility regarding reentry and landing [73][74] Question: Factors driving strong Electron ASP - The increase in Electron's average selling price (ASP) was primarily driven by the mix of Haste missions and returning customers making bulk purchases [75][76] Question: Potential European national security opportunities - Management acknowledged the importance of being present in the European market, especially with the expansion of European Space Agency contracts [79]

Financial Data and Key Metrics Changes - The company reported record revenue of $144,500,000 for Q2 2025, exceeding prior guidance and reflecting a 36% year-over-year increase [5][29] - GAAP gross margin for Q2 was 32.1%, above the guidance range of 30% to 32%, while non-GAAP gross margin was 36.9%, exceeding the guidance of 34% to 36% [30] - The company ended Q2 with a total backlog of approximately $1,000,000,000, with launch backlog representing about 41% and space systems 59% [31][32] - GAAP operating expenses for Q2 were $106,000,000, above the guidance range of $96,000,000 to $98,000,000 [34] Business Line Data and Key Metrics Changes - The Space Systems segment generated $97,900,000 in revenue, a sequential increase of 12.5%, driven by contributions from satellite components [29] - The Launch Services segment delivered revenue of $56,600,000, reflecting a 31.1% quarter-on-quarter increase [29] Market Data and Key Metrics Changes - Demand for Electron launches is increasing, with multiple international space agencies signed up for launches this year and next [6][17] - The company secured its first direct launch contract with the European Space Agency for a pair of satellites [17] Company Strategy and Development Direction - The company is expanding its prime contractor status with the imminent acquisition of GEOS, enhancing its capabilities in missile tracking satellites [7][8] - The strategic focus includes supporting U.S. defense initiatives, particularly the Golden Dome program, which could be one of the largest procurements by the Department of Defense [8][10] - The company aims to leverage its vertical integration to control costs and reduce schedule risks in satellite manufacturing [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to meet the urgent timelines set by the U.S. administration for defense projects [11][12] - The company anticipates continued growth in revenue and backlog, particularly following the successful launch of Neutron [39][40] Other Important Information - The company is preparing for the grand opening of Launch Complex 3, which is expected to enhance operational flexibility and support national security missions [26][27] - The company reported a negative GAAP operating cash flow of $23,200,000 for Q2, an improvement from the previous quarter [36][37] Q&A Session Summary Question: Status of the Archimedes engine performance - Management indicated satisfaction with the performance of the Archimedes engine, noting the complexity of qualifying it for various operational conditions [43][44] Question: Development of a satellite constellation - Management stated that while ambitions for a satellite constellation exist, focus remains on completing the Neutron project before pursuing such initiatives [46][48] Question: Update on backlog and RFP process - Management highlighted the lumpy nature of large program proposals and indicated that the timing for the SDA tranche three announcement is expected between September and October [52][54] Question: Electron launch mix for the remainder of the year - Management expects about three of the remaining launches this year to be Haste missions, with a total of at least 20 launches planned [60] Question: Demand for Neutron and potential acceleration of launch cadence - Management confirmed that while the target remains a 1.35 launch cadence, there is potential for acceleration depending on demand and program learnings [61][62] Question: Revenue recognition for SDA Tranche two award - Management explained that revenue recognition for the SDA program will ramp up as the company moves into full-scale production of satellites [66][68] Question: Interest in orbital transfer vehicles - Management expressed skepticism about the business case for orbital transfer vehicles but noted the company has the capability to enter the market if it becomes viable [86][87] Question: Total Addressable Market (TAM) for Electron - Management acknowledged that the TAM for Electron is expected to grow, particularly due to defense programs like the Golden Dome requiring extensive testing [88][89]

12 2025 EVESTOR UPDATE Sir Peter Beck, CEO Adam Spice, CFO August 7, 2025 ROCKETLAB Forward Looking Statements This presentation may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, contained in this presentation, including statements regarding our expectati ...

Core Viewpoint - The investment landscape is shifting, with traditional high-performing growth stocks losing their leading positions, prompting a search for new growth opportunities in the market [2][3]. Group 1: Uber Technologies - Uber Technologies is experiencing significant growth due to a shift in personal mobility preferences, particularly among younger generations who are less interested in car ownership and driver's licenses [4][5]. - In the previous year, Uber's drivers completed nearly 11.3 billion trips, marking a 19% increase from the prior year, indicating sustained growth potential [6]. - The company's delivery segment is also expanding rapidly, with the online food delivery market expected to grow over 17% annually through 2034 [9]. - The future potential of Uber is further enhanced by the anticipated development of self-driving vehicles, which could halve operational costs, although widespread deployment may take 10 to 20 years [10]. Group 2: Rocket Lab - Rocket Lab is positioned as a viable alternative to larger launch companies like SpaceX, utilizing its Electron rocket for smaller satellite launches, having successfully launched 232 satellites to date [13]. - The company is developing a larger Neutron rocket capable of carrying up to 13,000 kilograms, which will enable deep-space missions, including potential trips to the moon and Mars [15]. - Analysts predict Rocket Lab will achieve profitability by 2027, with the global commercial space launch market expected to grow at nearly 15% annually through 2034 [16]. Group 3: Snap - Snap has seen its daily user base grow to a record 460 million, although growth is primarily outside North America and Europe, where user numbers are declining [18][19]. - The company's revenue increased by 20% in Q1, with North American revenue up 12% year-over-year, indicating strong financial performance despite user growth challenges [20]. - Snap is evolving its platform with new tools for content creators and subscription offerings, which are expected to enhance user engagement and profitability moving forward [22][23].

Core Insights - Rocket Lab Corp. (RKLB) is nearing a significant milestone with its Neutron rocket set for its first flight in the second half of 2025, aiming to enter the medium-lift payload market and compete with heavy-lift providers like SpaceX [1][11] Company Developments - The Neutron rocket is a medium-class, reusable vehicle with a payload capacity of approximately 15,000 kg, designed to provide flexible and cost-effective access to space for various customers, including satellite constellations and government missions [2] - In May 2025, Rocket Lab announced a launch for the U.S. Air Force Research Laboratory, marking a new era in commercial launch capabilities for defense logistics [3] - The company is modifying an ocean landing platform for Neutron missions, which includes autonomous ground support equipment and blast shielding for safe landings [4] Market Performance - Recent announcements regarding the Neutron program have increased investor confidence, reflected in Rocket Lab's share price, which has increased by 40% year-to-date and 103.6% over the past three months [5][11] - The space launch services market is experiencing growth due to rising demand for satellite constellations and government investments, making it a favorable environment for Rocket Lab and other industry players [6] Competitive Landscape - Other notable companies in the space launch market include Boeing and Lockheed Martin, both of which have established positions and significant contributions to space missions [7][8][9] Financial Metrics - Rocket Lab's shares have outperformed the industry, gaining 630.8% over the past year compared to the industry's 50.9% growth [10] - The company currently trades at a forward Price/Sales ratio of 22.49X, significantly higher than the industry's average of 10.06X [12] Earnings Estimates - The Zacks Consensus Estimates for Rocket Lab's losses in 2025 and 2026 have improved over the past 60 days, indicating a positive trend in earnings expectations [13][14]

Group 1 - Rocket Lab (NASDAQ: RKLB) is positioned as a competitive player in the launch industry, often compared to SpaceX, but there are significant underlying opportunities beyond this narrative [1] - The company is focused on high-cadence missions with its Electron rocket and is developing the Neutron rocket for heavy-lift capabilities, indicating a strategic expansion in its service offerings [1] Group 2 - The article emphasizes the importance of understanding the long-term value creation of businesses, highlighting a disciplined approach to investment that prioritizes fundamentals [1] - There is a focus on identifying mispriced quality companies and resilient business models that can withstand market cycles, which is crucial for investment strategies [1]

Group 1: Rocket Lab - Rocket Lab completed its 68th Electron launch with the "Symphony In The Stars" mission, achieving its fastest launch turnaround time with two launches in less than 48 hours [2] - The company reported a 100% mission success rate in 2025 and has achieved a stock increase of 640% over the past year [2] Group 2: SpaceX - Rocket Lab's successes contrast with challenges faced by SpaceX, including a series of high-profile Starship explosions that raised concerns about risk management and environmental compliance [3] Group 3: Amazon's Project Kuiper - Amazon launched its second batch of Kuiper satellites, adding 27 satellites to the total, which now stands at 54 [4] Group 4: AST SpaceMobile - AST SpaceMobile's shares experienced volatility following a direct offering of 9.45 million shares at $53.22 each and the successful demonstration of its space-based cellular broadband network for military applications [4] - The company showcased its Non-Terrestrial Network capabilities, delivering high-throughput data, voice, and video to unmodified smartphones, which is significant for secure tactical communications [5]

out. That's 800 947 5100. >> Welcome back.Check out Rocket Lab up nearly 100% in the last three months. Part of a bigger space trade. Rocket lab also getting added into the Russell 1000 Friday after the close, the company achieving a big technical milestone this weekend as well, completing two launches from the same site in less than 48 hours.That was a record turnaround. Joining me now, Sir Peter Beck, Rocket Lab founder, chair and CEO. Peter, it's great to have you back on the show.Welcome. >> Great. Grea ...

Rocket Lab TodayRKLBRocket Lab$27.85 +1.43 (+5.41%) 52-Week Range$4.20▼$33.34Price Target$28.10Add to WatchlistAerospace and defense corporation Rocket Lab USA NASDAQ: RKLB recently received a significant analyst boost when Cantor Fitzgerald increased its target price for the space company to a street-high $35. The upgrade follows several recent positive initiatives by the company, as it continues to impress with its strategic advancements, upcoming pipeline, and proven track record.  The company's ongoing ...