Rocket Lab Reports Record $436.2M Revenue for 2024

Rocket Lab USA, Inc. reported record revenue of $436.2 million for 2024, a 78% increase from the previous year, with Q4 revenue reaching $132.4 million, marking a 121% year-on-year growth. Despite these impressive figures, the company posted a net loss of $52.3 million for Q4 and $190.2 million for the full year. Rocket Lab achieved a record 16 Electron launches in 2024 and secured over $450 million in new contracts, while also advancing its Neutron launch vehicle program, with a planned debut in late 2025. The company introduced the Flatellite satellite platform aimed at national security and commercial markets. Looking ahead, Rocket Lab anticipates revenues between $117 million and $123 million for Q1 2025, while also projecting an adjusted EBITDA loss. CEO Sir Peter Beck emphasized the company's strategic advancements and commitment to becoming an end-to-end space solutions provider.