Rocket Lab’s order backlog tops $141M as the company inks five-launch deal with Kinéis

It was a busy first half of the year for U.S.-New Zealand company Rocket Lab, which posted earnings for the first six months of 2021 on Wednesday – the first such reporting since the company went public last month.

Rocket Lab reported revenues for the six-month period of $29.5 million. Its order backlog also grew to $141.4 million as of June 30, up 136% from $59.9 million compared to the same period last year.

While the general trend seems to be positive, executives emphasized the continued impact of COVID-19 restrictions in New Zealand, the site of one of the company’s key launch facilities. CFO Adam Spice said the third

→ Continue reading at TechCrunch

More from author

Related posts

Advertisment

Latest posts

The Tantalizing Mystery of the Solar System’s Hidden Oceans

The original version of this story appeared in Quanta Magazine.For most of humankind’s existence, Earth was the only known ocean-draped world, seemingly unlike any...

The Role of Scholarships and Grants in Financing Education

Applying for scholarships and grants helps students pay for college. In some situations, these awards allow people to obtain a degree they wouldn't be...

EV, hybrid and gas-powered: Some interesting cars coming in 2024 | CNN Business

CNN  —  Next year will see the introduction of some new, genuinely affordable electric vehicles as well as...