Rocket Lab Corporation (NASDAQ: RKLB) is an end-to-end space company that provides launch services, spacecraft manufacturing, spacecraft components, and on-orbit management solutions. Revenue comes from two segments: Launch Services, which sells dedicated and rideshare orbital launches aboard the Electron rocket, and Space Systems, which sells spacecraft components, spacecraft design and manufacturing services, optical systems, and software to government and commercial customers. Rocket Lab operates private launch facilities at LC-1 in Mahia, New Zealand (supporting up to 120 launches per year) and LC-2 at NASA Wallops Flight Facility in Wallops Island, Virginia. As of December 31, 2025, the company had launched and deployed over 200 spacecraft. Rocket Lab entered the spacecraft components market through acquisitions including Sinclair Interplanetary, Advanced Solutions, Incorporated, Planetary Systems Corporation, SolAero Technologies Corp., and GEOST. The company is also developing Neutron, a medium-lift reusable launch vehicle with a planned payload capacity of approximately 13,000 kg to low Earth orbit. Customers include NASA, the U.S. Department of War, and commercial spacecraft operators.

Revenue model

Transactional revenue from per-launch contracts on the Electron rocket and from spacecraft component sales, spacecraft manufacturing contracts, and design services sold to government and commercial customers under the Space Systems segment.

Products and services

Electron small launch vehicle (payload up to 300 kg to low Earth orbit); Neutron medium-lift reusable launch vehicle (in development, planned ~13,000 kg to low Earth orbit); HASTE suborbital vehicle; spacecraft components including reaction wheels, star trackers, solar power solutions, radios, separation systems, composite structures, and high-voltage space-grade batteries; spacecraft design and manufacturing services; command and control software; optical systems; on-orbit constellation management services.

Customers and end markets

U.S. government agencies including NASA and the U.S. Department of War; domestic and international commercial spacecraft operators; end markets include satellite communications, remote sensing, Earth observation, meteorology, navigation, and interplanetary missions.

Value-chain role

Vertically integrated launch provider and spacecraft manufacturer. Rocket Lab designs and builds its own rockets, manufactures key spacecraft components in-house, operates its own private launch complexes, and provides on-orbit management, positioning it across the full mission delivery chain rather than as a pure-play launch broker or component supplier.

Geographic exposure

Primary launch operations in Mahia, New Zealand (LC-1) and Wallops Island, Virginia (LC-2); LC-3 at Wallops Flight Facility under construction as of the FY2025 10-K filing. Headquarters in the United States.

Source: SEC 10-K, filed 2026-02-26

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