Shares of Rocket Lab USA, Inc. were up 50% after earnings reports surpassed Wall Street's expectations, indicating strong market confidence and growth potential for the aerospace company.
Looking ahead to the fourth quarter, Rocket Lab forecasts revenue between $125 million to $135 million, surpassing previous estimates. This projection underscores the company's upward trajectory.
Peter Beck stated, "Constellation companies and government satellite operators are desperate for a break in the launch monopoly... Neutron is strongly positioned to be that rocket that provides choice and value to the industry."
The company projects that over 10,000 satellites will require launch services by 2030, leading to an estimated total addressable market value of around $10 billion.
Collection
[
|
...
]