Overview
- Rocket Lab said its RAISE and Shine mission for JAXA is now targeted no earlier than Dec. 12 to allow additional checkouts after earlier weather holds in New Zealand.
- The stock advanced Monday, recently trading near $50.50, with momentum supported by fresh price targets from Needham at $63 and Bank of America at $60.
- Neutron’s first flight is scheduled for the first quarter of 2026 after a timeline update from late 2025, a shift that previously drove a roughly 27% selloff that has since partially reversed.
- Third‑quarter results showed record revenue of $155 million, GAAP gross margin of 37%, a narrower net loss of $0.03 per share, and 17 new Electron launch contracts, with backlog at about $1.05 billion.
- The company highlighted expanding government work, including a new U.S. Air Force Research Laboratory contract tied to Neutron and its reusable Archimedes engine.