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LONG BEACH, Calif. - Rocket Lab National Security LLC, a subsidiary of Rocket Lab USA (NASDAQ:RKLB), a $21.16 billion market cap space technology company that has seen its stock surge 73% year-to-date, has completed the Systems Integration Review for the U.S. Space Force’s VICTUS HAZE mission, the company announced Wednesday. According to InvestingPro data, the company’s impressive 65% revenue growth over the last twelve months reflects its expanding footprint in the space sector.
The review, completed in May, confirmed that all spacecraft components, systems, and software were ready for final integration and testing. This milestone follows the successful Critical Design Review conducted earlier this year.
The VICTUS HAZE mission is part of Space Systems Command’s Tactically Responsive Space program, led by Space Safari in partnership with the Defense Innovation Unit.
According to the company’s statement, Rocket Lab has finished spacecraft integration just 15 months after contract award. The spacecraft is now entering final testing phases. While the company demonstrates strong execution capabilities, investors should note its higher volatility compared to the market, with a beta of 2.18.
"VICTUS HAZE is about more than responsive launch, it’s about ensuring the U.S. can act at the speed of need in a contested space domain," said Brad Clevenger, President of Rocket Lab National Security.
The mission aims to demonstrate the ability to launch and conduct rendezvous and proximity operations on tactically relevant timelines. Rocket Lab is providing a complete mission solution, including satellite design, manufacturing, integration, testing, software, licensing, launch, and on-orbit operations.
The program supports broader U.S. Space Force goals of transitioning from demonstration of responsive space concepts to operational national security capabilities.
Rocket Lab will complete final environmental testing and readiness milestones in the coming months, according to the press release. For detailed analysis of Rocket Lab’s financial health, growth prospects, and comprehensive valuation metrics, investors can access the full Pro Research Report on InvestingPro, which offers exclusive insights on this and 1,400+ other US stocks.
In other recent news, Rocket Lab USA is gearing up for its second-quarter earnings report, with Stifel forecasting a sequential revenue growth of 10.1% and an improvement in gross margin by 187 basis points. Stifel has also raised its price target for Rocket Lab to $55, maintaining a Buy rating. Meanwhile, Rocket Lab is preparing for its fifth iQPS mission, "The Harvest Goddess Thrives," set to launch from New Zealand. This mission will deploy a satellite for the Institute for Q-shu Pioneers of Space, Inc., enhancing global Earth monitoring services.
Cantor Fitzgerald has reiterated its Overweight rating with a $35 price target, showing confidence in Rocket Lab’s upcoming projects. Additionally, Craig-Hallum has initiated coverage with a Hold rating and a $51 price target, noting the company’s ambitious Neutron rocket launch schedule. Citi analysts have increased their price target to a Street-high of $50, citing the company’s potential 2029 revenue of approximately $2.6 billion. These developments highlight the growing interest and varied analyst perspectives on Rocket Lab’s future trajectory.
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