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They're a heck of a lot more than Electron at this point. They're really in the satellite parts business at this point, with launch services as a side business.
by Octoth0rpe 4y ago
They're a heck of a lot more than Electron at this point. They're really in the satellite parts business at this point, with launch services as a side business. For the last two quarters, they made almost 2x as much on "Space systems" (solar panels, busses, etc) as they did on launch services. Launch is nice and visual so it gets all the attention, but it's only 1/3 of their revenue.
Source: https://s28.q4cdn.com/737637457/files/doc_financials/2022/q3/FINAL_Q3-2022-Rocket-Lab-Earnings-1.pdf https://s28.q4cdn.com/737637457/files/doc_financials/2022/q3...