Rocket Lab stock declined 1.3% on Monday. The company recently secured an $816 million prime contract from the U.S. Space Development Agency for designing and manufacturing 18 satellites under the Tracking Layer Tranche 3 program. The contract includes a $806 million base award plus up to $10.45 million in options, with potential expansion to approximately $1 billion through additional work as a merchant supplier. Following this announcement, the stock had surged over 50% in the past month and was trading near $70.21. Additionally, Rocket Lab announced its fourth hypersonic test mission in under six months, scheduled for late February, launching a scramjet-powered aircraft for the Defense Innovation Unit. The company's projected 2025 revenue is approximately $600 million.
Read full analysisRocket Lab stock declined 1.3% on Monday. The company recently secured an $816 million prime contract from the U.S. Space Development Agency for designing and manufacturing 18 satellites under the Tracking Layer Tranche 3 program. The contract includes a $806 million base award plus up to $10.45 million in options, with potential expansion to approximately $1 billion through additional work as a merchant supplier. Following this announcement, the stock had surged over 50% in the past month and was trading near $70.21. Additionally, Rocket Lab announced its fourth hypersonic test mission in under six months, scheduled for late February, launching a scramjet-powered aircraft for the Defense Innovation Unit. The company's projected 2025 revenue is approximately $600 million.
Rocket Lab is a U.S.-listed aerospace company that launches small satellites via its Electron rocket and is developing the larger Neutron vehicle for medium-lift missions. The company has expanded aggressively into defense, including hypersonic test launches for the Pentagon and an $816M Space Development Agency contract — its largest ever. A Stage 1 tank rupture during Neutron qualification testing has raised questions about the 2026 development timeline, making Thursday's Q4 earnings report a critical moment for investor confidence.