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]

PARIS, May 28, 2025 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) is honored to welcome NASA representatives to its Ravenswood, West Virginia facility today to celebrate their collaboration on the Artemis program — NASA's bold mission to return humans to the Moon and pave the way for crewed missions to Mars. www.constellium.com Media Contacts Constellium plays a vital role in the Artemis program through its contribution to NASA's Space Launch System (SLS) rocket and Orion spacecraft, both of which rely on ...

Core Insights - The Trump administration's proposed budget for fiscal year 2026 includes a significant 24% cut to NASA's funding, reducing it from $24.8 billion to $18.8 billion, which may impact major space companies' revenue streams [3][4] - The budget proposal suggests the termination of the Space Launch System (SLS) program, which has been criticized for its high costs and delays, with a projected cost of $4 billion per launch and being 140% over budget [6][8] - The proposed budget allocates $7 billion for lunar exploration under Project Artemis and $1 billion for Mars missions, but cuts funding for the Mars Sample Return mission [5][6] Impact on Companies - The termination of the SLS program threatens an estimated $82 billion in contracts for major contractors like Boeing, Lockheed Martin, and Northrop Grumman, which were expected to benefit from Project Artemis [8] - Conversely, the budget cuts could create opportunities for more cost-effective space contractors like SpaceX and Blue Origin, which are positioned to take over roles currently held by traditional aerospace companies [9][11] - SpaceX's Starship and Blue Origin's New Glenn rocket are projected to offer lunar missions at significantly lower costs, with Starship estimated at less than $3 billion per trip and New Glenn at $3.4 billion [9][10] Long-term Industry Outlook - The proposed changes indicate a shift towards more budget-conscious space operations, potentially sidelining established companies in favor of newer, more efficient competitors [11][12] - While this transition may not be favorable for current investors in traditional aerospace stocks, it could lead to a more sustainable and cost-effective future for the space industry [12]

【文/观察者网专栏作者 白玉京】 几乎没有人预料到，美国载人登月的阿尔忒弥斯计划会以这种方式"塌方"。 2025年5月，一份来自白宫的NASA预算草案被公开提出：在完成"阿尔忒弥斯"Ⅲ和Ⅳ任务后，建议退 役SLS（Space Launch System，太空发射系统）超重型火箭与"猎户座"飞船，并终止"月球门户站"的建 造计划。这一提案尚未获得国会正式批准，但已足以掀起地震般的反应。 美国登月大火箭SLS，只执行过一次任务，再飞三次就GAME OVER了，堪称史上最贵、飞得最少的大 火箭。图片来源：NASA 要知道，SLS火箭和"月球门户"曾被视为美国重返月球、并最终通向火星的"双柱石"。它们是阿尔忒弥 斯计划的核心支柱，也是NASA近年来最大的财政与政治投资对象。 为何动了没人敢动的大火箭？ 砍掉SLS火箭，既在情理之中，又在意料之外。 自2011年立项以来，这款火箭不断延期，预算屡屡超支，仅研制费用就高达240亿美元，单次发射成本 更是高达40亿美元。比起SpaceX的"星舰"项目，其效率之低、价格之高几乎已经"登峰造极"。就连 NASA前局长布里登斯廷都曾警告："每次发射都如此昂贵，我们最终将难以维持这 ...