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Get filing alertsRocket Lab posts record Q2 revenue of $234M (up 62% YoY), announces Iridium acquisition
Filed August 10, 2026 · Period ending August 10, 2026 · ~1 min read
Key Changes
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high
Announced acquisition of Iridium Communications to create a vertically-integrated space operator that designs, builds, launches, and operates satellite constellations for global communications.
Exhibit 99.1 view on EDGAR → -
high
Q2 2026 revenue reached record $234M (up 62% YoY and $34M sequentially); backlog grew to record $2.36B (up 137% YoY) driven by demand across launch services and space systems.
Exhibit 99.1 view on EDGAR → -
high
Secured $397M Space Force contract to deliver multiple Flatellite spacecraft on Neutron for Space-Based Airborne Moving Target Indicator program; one of only two vendors selected for integrated launch-plus-spacecraft.
Exhibit 99.1 view on EDGAR → -
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Awarded over $160M across two contracts to build three geostationary satellites, including first U.S. Government geostationary production and operation contract with Space Force for space domain awareness.
Exhibit 99.1 view on EDGAR → -
high
Q3 2026 guidance: revenue $250M–up to $265M (sequential growth), GAAP gross margin 29%–31%, Adjusted EBITDA loss $17M–up to $23M.
Exhibit 99.1 view on EDGAR →
Summary
Rocket Lab reported record Q2 2026 results with revenue of $234 million (up 62% year-over-year) and backlog of $2.36 billion (up 137% year-over-year), reflecting surging demand across launch services and space systems. The company announced a landmark agreement to acquire Iridium Communications, transforming Rocket Lab into a fully vertically-integrated space operator that designs, builds, launches, and operates satellite constellations for global communications—a major strategic shift toward end-to-end space applications. The quarter brought significant contract wins: a $397 million Space Force award to deliver Flatellite spacecraft on Neutron for the Space-Based Airborne Moving Target Indicator program (one of only two vendors selected), and over $160 million to build three geostationary satellites including the company's first U.S.
Government geostationary production contract. Q3 guidance calls for continued sequential revenue growth to $250–265 million with improving operating leverage. The Iridium acquisition and expanding government contracts position Rocket Lab to capture value across the space value chain, though integration execution and the path to profitability remain key investor watch items.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Announced a landmark agreement to acquire Iridium to create a fully vertically-integrated space powerhouse that designs, builds, launches, and operates its own constellations, delivering critical communications capability to millions of users worldwide.
Rocket Lab announced a landmark agreement to acquire Iridium Communications Inc., which will transform the company into a fully vertically-integrated space operator that designs, builds, launches, and operates satellite constellations for global communications. This represents a major strategic shift toward space applications and end-to-end service delivery.
Event · Item 2.02 — Results of Operations and Financial Condition
Rocket Lab announced Q2 2026 financial results via press release.
Added in current filing · verify on EDGAR →
On August 10, 2026, Rocket Lab Corporation (the “Company”) issued a press release announcing its financial results for the second quarter ended June 30, 2026.
Rocket Lab disclosed its second quarter 2026 financial results through a press release. The 8-K body does not contain the actual financial figures; those appear in the attached Exhibit 99.1 press release.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 11, 2026 · How we verify