Rocket Lab remained unprofitable in the second quarter of 2026, despite posting record revenue.
The New Zealand-founded aerospace company said it achieved US$234 million in revenue for the quarter, up 62% from the same period in 2025. It was also US$34 million higher than the previous quarter.
Despite founder and CEO Sir Peter Beck calling it a "fantastic quarter" highlighted by "massive momentum", the company remained loss-making – recording a net loss of US$49 million.
The gap was wider than the previous quarter's net loss of US$45 million but still smaller than the company's US$66 million loss the previous year.
Its stocks dropped by more than 3% at close.
The results come as the company signed a series of defence contracts with the US military. It was also in the process of acquiring satellite communications company Iridium, a deal valued at about US$8 billion.
Rocket Lab said it had reached a record order backlog of US$2.36 billion – a 137% year-on-year increase.
"Together, these moves position Rocket Lab to accelerate our future into space applications by becoming a self-launching, tier-1 space power that will deliver critical communications capability to millions of users worldwide,” Beck said.
Rocket Lab expected revenue between US$250 million and US$265 million in the third quarter.
It expected a loss before deductions of between US$17 million and US$23 million.
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