Rocket Lab Corporation (RKLB) Stock: Drops as Record Q2 Revenue Climbs 62% and Backlog Hits $2.36B
TLDR
- RKLB slips 2.22% despite record Q2 revenue rising 62% to $234 million today.
- Rocket Lab backlog jumps 137% year over year to a record $2.36 billion total.
- New launch contracts lift Rocket Lab’s backlog above 90 planned missions worldwide.
- Rocket Lab targets Q3 revenue of $250 million to $265 million after record Q2.
- Neutron progress and defense deals strengthen Rocket Lab’s growth pipeline.
Rocket Lab Corporation (RKLB) traded at $78.26, down 2.22%, despite reporting record second-quarter revenue and backlog. The company posted $234 million in Q2 revenue, up 62% from the same period last year. However, the stock pulled back after briefly moving above $80 during Tuesday trading.
Rocket Lab Q2 Revenue Reaches Record $234 Million
Rocket Lab generated record quarterly revenue as demand strengthened across launch services and space systems. Revenue also increased by $34 million from the previous quarter, extending the company’s growth streak. The results reflected stronger activity across Rocket Lab’s expanding space operations.
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