Rocket Lab surges after Q1 beat, signs record launch deal and expands backlog
Rocket Lab beat Q1 revenue estimates with $136.7M in space-systems revenue and $63.7M in launches, topping forecasts; backlog rose to $2.2B, more than doubling year over year. The company also announced its largest launch contract to date for Neutron and Electron rockets through 2029 and agreed to acquire Motiv Space Systems, while guiding Q2 revenue of $225–$240M. CEO Peter Beck emphasized strong demand in the space economy as the company gears up for its first Neutron launch after a January setback, and the stock jumped about 34% on the news, lifting peers in the space sector.
