Rocket Lab (RKLB) experienced a significant share price increase of over 20% on Friday after exceeding Wall Street expectations, largely driven by its expanding backlog, which has now surpassed $2 billion following key contract wins. In the first quarter of 2026 alone, the company sold 28 new launches, nearly matching its total from 2025. Zacks Consensus Estimates forecast that RKLB will achieve annual profitability by 2027, a notable milestone for a space company.
The company, which operates in both Launch Services and Space Systems, anticipates strong growth due to its upcoming “Neutron” rocket launch, designed to compete with SpaceX’s Falcon 9 and expected to generate over six times the revenue per launch of its current Electron rocket. Additionally, Rocket Lab secured a $190 million national security contract as it diversifies into the defense sector.
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