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MAHIA, New Zealand - Rocket Lab Corporation (NASDAQ:RKLB), whose stock has surged an impressive 580% over the past year and recently achieved a market capitalization of $16.7 billion, successfully launched its 67th Electron rocket carrying four satellites for radio frequency geospatial analytics provider HawkEye 360, the company announced in a press release. According to InvestingPro data, the company has demonstrated strong revenue growth of 65% in the last twelve months.
The mission, named "Get The Hawk Outta Here," lifted off from Launch Complex 1 in Mahia, New Zealand, at 5:28 a.m. on June 27 NZT (17:28 on June 26 UTC). The rocket deployed three microsatellites called Cluster 12 designed to collect and geolocate radio frequency signals, along with Kestrel-0A, an experimental satellite, to a 520 km circular low Earth orbit.
This marks the second of three dedicated launches under a multi-launch contract with HawkEye 360, following their first mission together in 2023.
Rocket Lab is now preparing for its next mission, "Symphony In The Stars," scheduled for June 28 NZT, less than 48 hours after the HawkEye 360 launch. If successful, this would represent the company’s fastest launch turnaround from the same launch site.
"Today’s launch for HawkEye 360 was another seamless ride to orbit for Electron, with four satellites deployed with absolute precision," said Rocket Lab founder and CEO Peter Beck, according to the press release.
The upcoming mission will be Rocket Lab’s 68th Electron launch overall and tenth mission this year from Launch Complex 1. The company stated it could potentially conduct more than 20 launches in 2025.
Based in Long Beach, California, Rocket Lab provides launch services, satellite manufacturing, and spacecraft components. Since its first orbital launch in January 2018, the company has delivered over 200 satellites to orbit. While currently operating at a loss with negative EBITDA, the company maintains healthy liquidity with a current ratio of 2.08. InvestingPro analysis reveals 13 additional key insights about Rocket Lab’s financial health and growth prospects, available in the comprehensive Pro Research Report, which provides detailed analysis of what matters most for investors.
In other recent news, Rocket Lab Corporation has announced the successful deployment of a synthetic aperture radar imaging satellite for the Institute for Q-shu Pioneers of Space, marking its 66th Electron rocket launch. This launch, titled "The Mountain God Guards," took place from Rocket Lab’s New Zealand facility and is the company’s second mission for iQPS in less than a month. Additionally, Rocket Lab is set to launch four satellites for HawkEye 360, demonstrating its rapid turnaround capability with a launch scheduled just two days after the announcement. This mission, "Get The Hawk Outta Here," is part of a series of launches from Rocket Lab’s Launch Complex 1.
Cantor Fitzgerald has maintained its Overweight rating on Rocket Lab, raising the stock price target to $35, reflecting confidence in the company’s strategic position and successful launch history. The firm’s analysis follows investor meetings that highlighted Rocket Lab’s competitive positioning against SpaceX and its development of the Neutron rocket. Rocket Lab has also secured a contract for two dedicated missions for a commercial client, with the first launch planned for June 2025. These developments underscore Rocket Lab’s operational flexibility and growing demand for its launch services.
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