Rocket Lab Hits 95th Electron Launch as Wall Street Expands Bullish Coverage

Overview

• The 95th Electron mission launched Friday, Sept. 11, from Launch Complex 1 in New Zealand and placed an Earth‑observation satellite into a 500 km low Earth orbit.
• Raymond James began coverage with a Buy/$80 target and joins a broader Wall Street consensus that averages near $110–$112 and rates the stock a Strong Buy.
• Rocket Lab reported Q2 revenue of about $234.1 million, an approximately $2.36 billion backlog and roughly $2.4 billion in cash, figures analysts say give multi‑year revenue visibility.
• Insiders sold about 3.6 million shares over the past 90 days while institutional investors hold roughly 72% of shares, creating mixed governance and market signals.
• The company is pursuing strategic moves that would change its footprint — an undated Neutron program with the next milestone expected to be hardware delivery and a pending Iridium acquisition that would add satellite communications — both plans remain uncompleted and subject to execution risk.