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LONG BEACH, Calif. - Rocket Lab Corporation (NASDAQ:RKLB), a space technology company with a market capitalization of $21.76 billion, is scheduled to launch its 70th Electron mission on Sunday, according to a press release statement from the company. The mission, named "Live, Laugh, Launch," will deploy five satellites to a 655km circular Earth orbit for an undisclosed commercial customer. According to InvestingPro data, the company has demonstrated impressive revenue growth of 54% over the last twelve months.
The upcoming launch from Rocket Lab’s Launch Complex 1 in New Zealand is set for August 24, 2025, and comes less than three weeks after the company’s previous mission. This rapid turnaround demonstrates the company’s capability to provide responsive space access for small satellite customers. The company’s operational efficiency has contributed to its strong market performance, with the stock rising over 73% year-to-date. InvestingPro analysis reveals 12+ additional insights about Rocket Lab’s financial health and growth prospects.
The mission precedes the official opening of Rocket Lab’s new Launch Complex 3 at Wallops Island, Virginia, which will support the company’s upcoming Neutron rocket. Neutron is described as a medium-lift, reusable rocket currently in development.
Since its first orbital launch in January 2018, Rocket Lab’s Electron has become the second most frequently launched U.S. rocket annually, having delivered over 200 satellites to orbit for various organizations. The company operates three launch pads across two sites - two in New Zealand and one in Virginia.
Rocket Lab, founded in 2006 and headquartered in Long Beach, California, provides launch services, satellite manufacturing, spacecraft components, and on-orbit management solutions. The company has established operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications.
In other recent news, Rocket Lab USA has completed its acquisition of Geost, LLC for $275 million, marking a significant expansion in its electro-optical and infrared sensor capabilities for national security space missions. The transaction involved $125 million in cash and over three million shares of Rocket Lab common stock, with an additional earnout potential of up to $50 million contingent on future revenue targets. This acquisition was part of a broader strategic move, as private equity firm ATL Partners sold Geost and formed a new platform called Trident Solutions. Rocket Lab’s recent financial performance has also garnered attention, with the company reporting second-quarter revenue of $144.5 million, surpassing both analyst estimates and its own guidance. This strong performance has led several analyst firms to raise their price targets for Rocket Lab. Needham increased its target to $55, citing strong quarterly results, while KeyBanc raised its target to $50, highlighting improved margins and confidence in the Neutron rocket program. Cantor Fitzgerald also adjusted its target to $54, emphasizing the company’s successful Electron launches and overall financial strength.
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