Rocket Lab’s stock surged 5% after record Q3 revenues of $155 million, beating forecasts by $3 million. Loss per share was 3 cents, lower than expected 10 cents. Q4 revenue guidance is $170-180 million, above analysts’ $172 million estimate. Company has 49 rocket launches on contract, aiming for over 20 by year-end.

CEO Peter Beck says Rocket Lab is close to setting a new annual launch record and is pursuing mergers and acquisitions targeting key defense projects like Trump’s ‘Golden Dome’. Competition in the space tech sector is increasing, with more companies entering the public markets and the U.S. government relying on independent contractors like SpaceX.

Rocket Lab’s stock has doubled this year and surged 270% in the last twelve months, with a 31% jump last month after securing new launch deals. Despite a 13% pullback in November, the company closed its acquisition of Geost and opened a new launch site for its Neutron rocket. Adjusted EBITDA loss was $26.3 million in Q3, higher than the $21-23 million forecast, with an expected $23-29 million loss in Q4.

Read more at CNBC: Rocket Lab (RKLB) earnings Q3 2025