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Business/Financial

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

By Rachel Jewett

Thursday, February 29th, 2024

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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…

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]