**Rocket Lab Stock Soars 22% After Q3 Financial Report**

Rocket Lab experienced a notable increase in its stock price after releasing its third-quarter financials. The company reported a loss of 10 cents per share, an expansion from last year's 8-cent-per-share loss. However, revenue saw a significant boost, jumping 55% to reach $105 million, surpassing FactSet's revenue expectations of $102.3 million on a 51% growth projection. Additionally, Rocket Lab's backlog grew to $1.05 billion, though this fell slightly below analyst estimates of nearly $1.1 billion.

The Electron rocket from Rocket Lab has made a mark as the third most frequently launched rocket globally in 2024, only behind SpaceX and China. As Rocket Lab looks forward, it anticipates Q4 revenues between $125 million and $135 million, exceeding FactSet’s forecast of $121 million.

In a separate announcement, Rocket Lab revealed a new launch service agreement with an anonymous commercial satellite constellation operator, set to utilize its upcoming medium-lift rocket, Neutron. The contract includes two missions slated for mid-2026. The financial terms of this deal remain undisclosed. The Neutron rocket, a reusable launch vehicle, is expected to make its debut in 2025, with Rocket Lab aiming for it to join the U.S. Government's National Security Space Launch (NSSL) Lane 1 program, which holds a contract worth $5.6 billion over five years.

Rocket Lab also projects that more than 10,000 satellites will require launch services by 2030, estimating that the total addressable market value will swell to approximately $10 billion.

Following these announcements, RKLB stock surged nearly 22% in after-hours trading on Tuesday. Earlier in the regular session, the stock had closed down by less than 1%. Year-to-date, Rocket Lab shares have experienced a substantial rise, soaring 165%.

Looking elsewhere in the industry, AST SpaceMobile is set to report its Q3 results later this week. FactSet anticipates a loss of 23 cents per share, consistent with last year's figure, and predicts sales of $1.8 million for the telecommunications and satellite manufacturing company.