Rocket Lab's value slips as Neutron waits for 2027
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What the chart shows
Rocket Lab, founded in Auckland, has pushed the first flight of Neutron, its much bigger rocket, to 2027. Chief executive Peter Beck said the voids found in a carbon-composite dome on the first-stage tank did not necessarily mean it would fail, but he would not take the chance. The shares fell 6.64% to US$55.25 on Thursday.
The chart sets the company's sales beside its price tag, on two scales. Revenue rose every year, from US$62.2m in 2021 to US$601.8m in 2025. Market value has travelled much further in both directions: US$5.5bn at the end of 2021, US$1.8bn a year later, US$37.3bn at the end of 2025 and US$33.1bn at the latest reading.
When Neutron was unveiled in 2021, the target was 2024. Assembling the first stage in early 2027 is the next date to hold it to.
The story behind it
Rocket Lab pushed its Neutron rocket back to 2027, and its shares fell 6.64% Read the edition →On the calendar
The US releases that move markets, in New Zealand and Australian time. Economic calendar →The numbers
Revenue by year in US$m on the left scale; market value at each year end and the latest reading in US$bn on the right. It was US$37.3bn at end-2025 and US$33.1bn now.
| Revenue, US$m | Market value, US$bn | |
|---|---|---|
| 2021 | 62.2 | 5.5 |
| 2022 | 211.0 | 1.8 |
| 2023 | 244.6 | 2.7 |
| 2024 | 436.2 | 12.7 |
| 2025 | 601.8 | 37.3 |
How we make these charts: one chart a day from a story in the edition, drawn from the figures the story names and checked against the sources named on the chart before it is published. General information only, not financial advice.
