Shorts Create



Rocket Lab shares surge on record quarterly revenue and ambitious constellation plans (RKLB) Rocket Lab USA shares surged over 12% on Friday after reporting record quarterly revenues, driven by strong demand for launch services and space systems. The company ended the quarter with a $1.07B backlog and revealed plans for its own satellite constellation, leveraging its in-house launch and spacecraft capabilities. CEO Peter Beck shared Rocket Lab's future plans, highlighting the development of a company-owned and operated satellite constellation. This move is part of his strategy to position Rocket Lab as an “end-to-end space company.” “By owning launch and spacecraft, we're at a distinct advantage when it comes to establishing our own space capabilities or constellations. We can build and launch our own spacecraft at cost and we don't have to wait in-line for limited launch capacity,” Beck said. #RKLB #RKLBStock #RocketLab #RocketLabStock #RocketLabConstellation #SatelliteConstellation