Rocket Lab USA Inc.Record revenue, backlog, and a $266 million Space Force contract indicate strong demand for Rocket Lab's services.
A $10,000 investment in Rocket Lab three years ago would be worth about $81,000 today, even after a 61% drawdown from its peak. The same amount in an S&P 500 index fund would have grown to roughly $16,000 over the same period. Rocket Lab's revenue rose 38% in 2025 to a record $602 million, and its backlog hit a record $2.2 billion in the first quarter of 2026. The company also announced a $266 million contract with the U.S. Space Force and plans to debut its larger Neutron rocket later this year. However, the pending $8 billion acquisition of Iridium Communications introduces financing uncertainty, and the stock trades at more than 50 times trailing-12-month revenue.
Rocket Lab USA Inc.Record revenue, backlog, and a $266 million Space Force contract indicate strong demand for Rocket Lab's services.
Iridium Communications IncPending acquisition by Rocket Lab introduces financing uncertainty, but no direct impact on Iridium's operations.