Jun. 8 at 7:37 AM
🚀 The Rocket Lab Story That Just Keeps Compounding
While retail debates SpaceX, Rocket Lab quietly built the most credible public space stack.
Q1 2026 blowout (May 7):
Revenue
$200.3M (+63.5% YoY)
Space Systems
$136.7M (+57.2%)
Launch Services
$63.7M (+78.9%)
Stock +34% on print (best day ever)
Record backlog
$2.2B:
+108% YoY, +20.2% QoQ
Space Systems 58.5%, Launch 41.5%
36% converting next 12 months
Largest Neutron contract ever (5 launches through 2029)
$190M HASTE block buy
31 new Electron/HASTE bookings
Catalyst stack:
Trump Golden Dome project beneficiary
Anduril contract + Raytheon collab
SDA TRKT3 SRR passed
Motiv Space Systems acquisition
Neutron first launch targeting 2026
Q2 guide
$225-240M
Risks:
Net loss
$45M Q1, EBITDA -
$20-26M Q2
Peaked
$151 May 27, volatile
Neutron schedule risk
Extreme valuation
Plays:
$RKLB direct,
$LMT $NOC $RTX hedge.