Rocket Lab Provides First Half 2021 Financial Results

Electron launches with OHB satellite. (Credit: Rocket Lab webcast)
  • Revenue of $29.5M, representing 237% Year-on-Year revenue growth, accompanied by an expansion in gross margins from negative 67% to a positive 13%.
  • Increasing diversity in revenue, with Space Systems contributing 18% of total revenue in the period, compared to 3% in the prior year, accompanied with gross margins of 65%.
  • Backlog grew 136% Year-on-Year to $141.4 million as of June 30, 2021 as compared to backlog of $59.9 million as of June 30, 2020.

LONG BEACH, Calif., September 08, 2021 (Rocket Lab PR) — Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today reviewed financial results for the six months ended June 30, 2021, which were previously released in its 8-K filed with the U.S. Securities and Exchange Commission on August 31, 2021.

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Rocket Lab Spacecraft Confirmed for Mars as NASA Greenlights ESCAPADE Small Satellite Interplanetary Mission

The twin EscaPADE satellites will fly to Mars and circle the planet in complementary orbits to sample the hot ionized plasma (cross section in yellow and green) and magnetic fields (blue lines) to understand how Mars’ atmosphere escapes into space. (Credit: UC Berkeley/Robert Lillis)

The ESCAPADE mission – led by the University of California Berkeley Space Sciences Laboratory to study Mars’ magnetosphere – with two Rocket Lab Photon spacecraft has received NASA approval to move toward launch.

LONG BEACH, Calif., 23 August, 2021 (Rocket Lab PR) — Rocket Lab, a global leader in dedicated launch and space systems, today announced it will begin final mission design and commence manufacturing two interplanetary Photon spacecraft for a science mission to Mars, delivering Decadal-class science at a fraction of the cost of typical planetary missions.

 The Escape and Plasma Acceleration and Dynamics Explorers (ESCAPADE) mission will orbit two Rocket Lab-built Photon spacecraft around Mars to understand the structure, composition, variability, and dynamics of Mars’ unique hybrid magnetosphere. The mission will also support crewed exploration programs like Artemis through improved solar storm prediction.

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NASA’s ICON to Explore Boundary Between Earth and Space

Illustration of ICON spacecraft. (Credits: NASA’s Goddard Space Flight Center/Mary Pat Hrybyk-Keith)

UPDATE: Due to weather in the area, NASA and Northrop Grumman have decided to move the Pegasus XL and ICON launch 24-hours to October 10 at 9:30 p.m., with takeoff of the Stargazer L-1011 at 8:32 p.m. NASA’s live broadcast will begin tomorrow at 9:15 p.m. on www.nasa.gov/live.

GREENBELT, Md. (NASA PR) — On Oct.10, 2019, NASA launches the Ionospheric Connection Explorer, or ICON, a spacecraft that will explore the dynamic region where Earth meets space: the ionosphere.   

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