Rocket Lab USA Inc

Rocket Lab USA Inc

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Market Cap$32.75B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Rocket Lab USA IncRocket Lab USA Inc-197.7--20%-0.2

Earnings Call Q2 2026

August 10, 2026 - AI Summary

Strong Q2 growth + bookings momentum (good/surprising) - Record $234m Q2 revenue, +62% YoY and +16.8% sequentially, exceeding/within prior guidance. - Big demand push: since end of Q2 they signed $437m+ bookings across Electron, HASTE, Neutron (including $266m Space Force contract for up to 18 suborbital missions). - Backlog $2.36bn end of Q2; also $581m+ Space Systems contracts signed in Q2 + after quarter; $1bn+ new contracts in total launch + Space Systems since quarter end. - Record launch cadence/backlog: 26 new launches added post-quarter; backlog rises to 90+ launches (highest in history).
Space Systems acceleration (good) - Space Systems delivered $189.5m Q2 revenue (+38.6% sequentially), driven by satellite manufacturing scale and initial Mynaric contribution. - Contract wins highlighted: - $397m Flatellite contract to build/launch multiple Flatellite spacecraft for the Space Force (space-based AT-MT/targeting type mission). - $160m+ for three GEO satellites (two for SDA/space domain awareness incl. integration of Heimdall payload from recently acquired GEOST). - Vertical integration signal: VICTUS HAZE performance was record-setting across rocket + satellite + rapid commissioning/orbit ops.
Neutron progress + scale ramp focus, but execution risk remains (good + challenge) - Neutron development moving into “final checkout” for flight hardware; engine testing: 400+ hot fires and ongoing durability/restart cycles at Stennis. - Management emphasis: not just “first launch,” but achieving rapid cadence—explicitly targeting a 1-3-5 ramp concept and making sure qualification doesn’t reset for later flights. - Timing / roadmap expectation: Neutron delivery to pad in Q4 2026 (window narrowing), with a stated objective to de-risk Flight 1 while planning for Flight 10 cadence. - Demand confidence: new dedicated Space Force Neutron slot + commercial booking for Kepler Communications (first time booking a full rocket rather than rideshare).

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$98.89

Target Price by Analysts

88.8% upsideRocket Lab USA Target Price DetailsTarget Price
$-34.44

Current Fair Value

165.8% downside

Overvalued by 165.8% based on the discounted cash flow analysis.

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Share Statistics

Market cap$32.75 Billion
Enterprise Value$32.43 Billion
Earnings per Share$-0.37
Beta2.61
Outstanding Shares629,681,803

Return

Return on Equity-20.19%ROE
Return on Assets-13.74%
Return on Invested Capital-16.36%

Valuation & Multiples

P/E Ratio-197.65P/E Ratio
PEG-PEG
Price to Sales-Price to Sales
Price to Book Ratio52.37Price to Book Ratio
Enterprise Value to Revenue153.72
Enterprise Value to EBIT-239.89
Enterprise Value to Net Income-239
Total Debt to Enterprise0
Debt to Equity0.23Debt to Equity

Revenue Sources

No data

Last Earnings Call

Report Date
August 10, 2026
EPS Estimate
$-0.06
Consensus analyst estimate
Revenue Estimate
$231.62 M
Consensus analyst estimate

Next Earnings Call

Expected Date
November 9, 2026
EPS Estimate
$-0.07
Consensus analyst estimate
Revenue Estimate
$257.21 M
Consensus analyst estimate

Institutional Put/Call Ratio

Compares institutional put options with call options. At 0.62, the ratio is below 1, so institutions hold more calls than puts.

Put/Call Ratio0.6173▲ 9.40%
Total Calls922,700▼ 98.15%
Total Puts569,600▼ 97.81%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %2.53%▼ 51.17%
Total Invested$1.10B▼ 96.67%
Investors Holding418▼ 802.00%

About Rocket Lab USA Inc

2,021 employees

Founded in 2006, Rocket Lab is an end-to-end space company with an established track record of mission success. We deliver reliable launch services, spacecraft components, satellites and other spacecraft and on-orbit management solutions...

Rocket Lab USA Insider Information FAQ

In the latest 13F quarter on Stockcircle, 1 top investor reduced or sold among tracked top investors. Changes are based on reported share counts in their quarterly filings, not day-to-day trading.

Stockcircle shows 24 open-market insider sales for Rocket Lab USA in the last six months from SEC Form 4 reports by executives, directors, and other insiders.

Form 4 insider trades are added as new filings are imported. Top investor 13F holdings refresh after each quarterly filing cycle. Politician trade disclosures are added when new reports are published on Stockcircle.