Rocket Lab Wins $530 Million in New Space Force Contracts, Paving Way for Increased Launches and Potential Profitability

Rocket Lab won a $515 million Space Force contract to build satellites for a missile defense system, showing its 2019 decision to open a U.S. launch site is paying off.

Rocket Lab won a new $14.5 million Space Force contract to launch an experimental satellite from its U.S. site, at nearly twice its usual launch price.

The new contract will demonstrate Rocket Lab's ability to conduct rapid, reliable launches for the U.S. military.

Rocket Lab is working to reuse rockets to reduce costs like SpaceX, which could boost profit margins on launches.

If Rocket Lab succeeds at reusing rockets and winning more lucrative military contracts, it could reach profitability sooner than expected.