Summary by Moomoo AI
Rocket Lab, an end-to-end space company, has reported a significant year-on-year revenue increase of approximately 71% for the three months ended June 30, 2024, with revenues rising from $62.0 million in 2023 to $106.3 million in 2024. This growth was driven by a $37.3 million increase in space systems and a $6.9 million increase in launch services, attributed to a higher launch cadence. For the six months ended June 30, 2024, revenue also saw a substantial increase of 70% year-on-year, reaching $199.0 million, up from $116.9 million in the previous year. The company's backlog grew slightly from $1,046.1 million as of December 31, 2023, to $1,066.6 million as of June 30, 2024. Rocket Lab's business development has been robust, with the Electron rocket becoming the second most frequently launched orbital rocket in...Show More