financetom
Business
financetom
/
Business
/
What's Going On With Rocket Lab Stock Today?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
What's Going On With Rocket Lab Stock Today?
Aug 16, 2024 6:18 AM

Rocket Lab USA, Inc. ( RKLB ) shares are trading higher in the premarket session on Friday.

According to Benzinga Pro, RKLB stock has gained over 19% in the past six months. Investors can gain exposure to the stock via Procure Space ETF ( UFO ) and SPDR S&P Kensho Final Frontiers ETF ( ROKT ) .

Today, the company said it has successfully packed and shipped two Mars-bound spacecraft to Cape Canaveral, FL, in readiness for launch.

These twin spacecraft, part of the Escape and Plasma Acceleration and Dynamics Explorers (ESCAPADE) heliophysics mission, were designed, built, integrated, and tested by Rocket Lab for the University of California Berkeley’s Space Science Laboratory and NASA.

“We’ve already been to the Moon for NASA, so we’re excited to build on that and send Rocket Lab technology deeper into the solar system, this time to the Red Planet,” said Rocket Lab founder and CEO Peter Beck.

Earlier this week, Citigroup analyst Jason Gursky maintained Rocket Lab with a Buy and raised the price target from $5.45 to $7.

Earlier this month, the company reported second-quarter revenue of $106.25 million, beating the consensus estimate of $105.46 million.

Also Read: Rocket Lab Q2 Earnings: Revenue, EPS Beat On ‘Strong And Growing Demand’

“This year’s second quarter was Rocket Lab’s highest revenue quarter in company history at $106 million. This 71% year-on-year revenue increase demonstrates the strong and growing demand for our launch services and space systems products, and importantly, our team’s ability to execute against it,” Beck said earlier.

Rocket Lab expects third-quarter revenue in the range of $100 million to $105 million.

Space Systems revenue is expected to be between $79 million and $84 million, while Launch Services revenue is expected to be approximately $21 million.

The company noted it anticipates a third-quarter adjusted EBITDA loss of $31 million to $33 million.

Price Action: RKLB shares are trading higher by 2.92% to $6.00 premarket at last check Friday.

Read Next:

Japan’s Nikkei Boosts Asia Markets, Europe Opens Mixed; Crude Oil Falls 2% While Gold Stays Near Record High – Global Markets Today While US Slept

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
RoundTable Healthcare Partners Completes Sale of Stake in Designs for Health Following a Successful Partnership
RoundTable Healthcare Partners Completes Sale of Stake in Designs for Health Following a Successful Partnership
Oct 22, 2025
RoundTable concludes its investment after a collaborative multi-year partnership with the Lizotte family, as DFH welcomes BDT & MSD Partners to support its continued growth LAKE FOREST, Ill., Oct. 22, 2025 /PRNewswire/ -- RoundTable Healthcare Partners (RoundTable), an operating-oriented private equity firm focused exclusively on the healthcare industry, announced today that it has completed the sale of its minority stake...
Form 8.3 - Spectris plc
Form 8.3 - Spectris plc
Oct 22, 2025
LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Balyasny Asset Management LP (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee...
Travel + Leisure Boosts Outlook As CEO Highlights Multi-Brand Strategy
Travel + Leisure Boosts Outlook As CEO Highlights Multi-Brand Strategy
Oct 22, 2025
Travel + Leisure Co. ( TNL ) reported stronger-than-expected third-quarter results on Wednesday, driven by solid revenue growth and improved profitability. The vacation ownership and travel services company posted quarterly adjusted earnings of $1.80 per share, surpassing Wall Street’s consensus estimate of $1.72 per share. The latest figure also represented a 14.7% increase from $1.57 per share reported in the...
Market Chatter: Rio Tinto Mulls Asset-For-Equity Swap With Chinalco to End Governance Constraints
Market Chatter: Rio Tinto Mulls Asset-For-Equity Swap With Chinalco to End Governance Constraints
Oct 22, 2025
08:51 AM EDT, 10/22/2025 (MT Newswires) -- Rio Tinto (RIO) is exploring an asset-for-equity swap with Aluminium Corporation of China, also known as Chinalco, that would reduce the Chinese company's 11% stake in Rio and allow Rio to resume buybacks, and pursue mergers and acquisitions, Reuters said Wednesday, citing three people familiar with the matter. Chinese state-owned Chinalco could be...
Copyright 2023-2026 - www.financetom.com All Rights Reserved