Mar 13, 12:31 PM

Rocket Lab $RKLB Shows 16% Revenue Increase, Reaches $245 Million, Aims for Own Constellation Despite SpaceX Dominance

Rocket Lab $RKLB has shown significant growth in gross margins, with a rise from 9% in 2022 to 21% in 2023. Despite SpaceX's dominance in launch revenue, Rocket Lab CEO emphasizes a goal of having its own constellation in orbit. Rocket Lab also saw a 16% revenue increase in 2023, reaching nearly $245 million, with its Space Systems division driving over 70% of revenues.

#Rocket Lab #SpaceX #Space Systems

Written with ChatGPT (GPT-3).

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@amuse@amuse
2 years ago
Seems like Elon is the only person who can safely launch payloads into space. https://t.co/LhoZ8zyBou
Nanalyze@nanalyzetweets
2 years ago
Rocket Lab $RKLB is also no longer just a launch company. Its Space Systems division accounted for more than 70% of revenues in 2023 and is expected to be a major driver of growth on the back of two big contract wins.
Benjamin De Kraker@BenjaminDEKR
2 years ago
The competition coming for SpaceX https://t.co/wIRMK3Cd7D

Rocket Lab $RKLB Shows 16% Revenue Increase, Reaches $245 Million, Aims for Own Constellation Despite SpaceX Dominance

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