Rocket Lab remained unprofitable in the second quarter of 2026, despite posting record revenue. <\/p>\n
The New Zealand-founded aerospace company said it achieved US$234 million in revenue for the quarter, up 62% from the same period in 2025. It was also US$34 million higher than the previous quarter. <\/p>\n
Despite founder and CEO Sir Peter Beck calling it a “fantastic quarter” highlighted by “massive momentum”, the company remained loss-making \u2013 recording a net loss of US$49 million. <\/p>\n
The gap was wider than the previous quarter’s net loss of US$45 million but still smaller than the company’s US$66 million loss the previous year. <\/p>\n
Its stocks dropped by more than 3% at close.<\/p>\n
The results come as the company signed a series of defence contracts<\/a> with the US military. It was also in the process of acquiring satellite communications company Iridium<\/a>, a deal valued at about US$8 billion.<\/p>\n Rocket Lab said it had reached a record order backlog of US$2.36 billion \u2013 a 137% year-on-year increase. <\/p>\n “Together, these moves position Rocket Lab to accelerate our future into space applications by becoming a self-launching, tier-1 space power that will deliver critical communications capability to millions of users worldwide,\u201d Beck said. <\/p>\n Rocket Lab expected revenue between US$250 million and US$265 million in the third quarter. <\/p>\n It expected a loss before deductions of between US$17 million and US$23 million.<\/p>\n The morning’s headlines in 90 seconds, including why power prices are unlikely to fall, and a bizarre twist in an Australian homicide investigation. (Source: 1News)<\/p>\n","protected":false},"excerpt":{"rendered":"Rocket Lab remained unprofitable in the second quarter of 2026, despite posting record revenue. The New Zealand-founded aerospace…\n","protected":false},"author":2,"featured_media":565325,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[138,111,139,69,147,392],"class_list":["post-565324","post","type-post","status-publish","format-standard","has-post-thumbnail","category-space","tag-business","tag-new-zealand","tag-newzealand","tag-nz","tag-science","tag-space"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/565324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=565324"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/565324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/565325"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=565324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=565324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=565324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}