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Rocket Lab pushes to get launch business back on track, with 22 Electron missions booked next year

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Rocket Lab’s launch business saw $21.3 million in revenue in the third quarter, with a mid-September mission failure halting the company’s momentum.

Rocket Lab is pushing to get its launch business back on track by the end of the year, reporting on Wednesday third-quarter results that saw continued strength in its space systems division.

Rocket Lab has"fully" booked up its schedule of Electron missions for next year, with 22 launches currently expected in 2024.The company reported a net loss of $40.6 million, or 8 cents per share, just edging out a loss of 9 cents a share expected, according to analysts surveyed by LSEG . Year over year, Rocket Lab's third quarter net loss widened by about 17%.

"We've been laser-focused this quarter on the return to service of Electron," Beck said in a statement, adding that the company expects"to formally close our investigation in the coming weeks."The company has"fully" booked up its schedule of Electron missions for next year, with 22 launches currently expected in 2024.

 

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