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# Rocket Lab's order book grew by half in three months
- URL: https://www.sharespective.com/stories/rocket-labs-order-book-grew-half-2026-11-10/
- Published: 2026-11-09T22:15:00.000Z
- Updated: 2026-11-09T22:50:40.000Z
- Description: Rocket Lab, which still flies its small Electron rocket out of Māhia, finished September with an order book of US$3.6 billion. That is 52% bigger than three months earlier. Revenue was a record US$267.8 million for the quarter, up 73% on a year ago.
- Author: Shaun Botha
- Tags: Space, #story, #group-tech, Rocket Lab

Rocket Lab, which still flies its small Electron rocket out of Māhia, finished September with an order book of US$3.6 billion. That is 52% bigger than three months earlier. Revenue was a record US$267.8 million for the quarter, up 73% on a year ago.

**Neutron is where the money went.** The company signed more than US$515 million of contracts for the bigger rocket during the quarter, 16 missions in all, before it has flown once. The base price on several of them is US$70 million.

The loss got bigger too. Rocket Lab lost US$79.7 million in the quarter, or 12 US cents a share, against the 7 cents analysts expected. Operating cash flow was positive, at US$7.2 million.

![Chart: Rocket Lab's order book jumps to US$3.6 billion. Contracted work Rocket Lab has yet to deliver, at each quarter end from September 2021 to September 2026, in US$bn. The latest is 52% above June's.](https://storage.ghost.io/c/02/71/0271df32-cec6-421f-9f13-b06ab90e54c1/content/images/2026/11/rocket-labs-order-book-grew-half-2026-11-10-chart.jpg)

This story’s chart of the day.

Shares rose about 11% during Monday's session, before any of this was public, then gave back about 7% after hours. December-quarter revenue is guided to between US$270 million and US$290 million.

The open question 

Neutron has not flown and will not before 2027, and its debut has already slipped once. Our read is that US$4.4 billion of cash against an US$80 million quarterly loss buys Sir Peter Beck plenty of time to get it off the pad.

[ This story ran in Everything Except Nvidia Tuesday 10 November’s edition, with the market snapshot, the other two stories, the numbers and the week ahead. Read the whole edition → ](https://www.sharespective.com/sharespective-2026-11-10/)