Aerospace Group:

Business/Financial

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

By Rachel Jewett

Thursday, February 29th, 2024

SHARE:

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

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]