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Rocket Lab Grows Revenue 16% in 2023, Debuts Spacecraft Bus Lineup

Rachel Jewett By
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Rocket Lab Grows Revenue 16% in 2023, Debuts Spacecraft Bus Lineup
Photon Lunar spacecraft bus being prepared for NASA’s CAPSTONE mission. Photo: Rocket Lab

Rocket Lab grew revenue 16% in 2023 year-over-year, and the company announced its fourth quarter financials on Feb. 27, along with an official lineup of its family of spacecraft buses. Rocket Lab reported $244.6 million in revenue in 2023.  Space Systems contributed $172.7 million in revenue — up 15% year-over-year. Space Systems is about 71% of Rocket Lab’s revenue. It made up the same portion of Rocket Lab’s business in 2022, after rapidly expanding since 2021. Rocket Lab said Space Systems business growth…

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