Overview
- Rocket Lab confirmed its reusable Neutron rocket will not fly in 2025 and indicated the first launch could slip into Q2 2026.
- Third-quarter revenue exceeded $155 million versus roughly $152 million expected, and the loss of $0.03 per share beat forecasts for a $0.10 loss.
- The stock fell about 13% by Thursday after an earlier 3.7% drop on Wednesday as the schedule revision overshadowed the financial results.
- Management still expects to complete more than 20 Electron launches this year, underscoring strength in the existing launch business.
- Despite rapid sales growth, year-to-date cash burn totaled about $208 million due to heavy investment and rising costs.