AcquisitionsAug 10, 2026, 04:15 PM
Rocket Lab to Acquire Iridium; Q2 Revenue $234M, Backlog $2.36B
AI Summary
Rocket Lab Corporation announced its second quarter 2026 financial results, highlighted by record revenue of $234 million and a record backlog of $2.36 billion. The company also announced a landmark agreement to acquire Iridium Communications Inc., alongside closing acquisitions of Mynaric and Motiv. Rocket Lab secured significant new contracts, including over $437 million in launch contracts and a $397 million contract for the U.S. Space Force, and provided strong Q3 2026 revenue guidance.
Key Highlights
- Announced landmark agreement to acquire Iridium Communications Inc.
- Q2 2026 revenue reached a record $234 million, up 62% year-over-year.
- Backlog grew to a record $2.36 billion, a 137% increase year-over-year.
- Secured over $437 million in new launch contracts, expanding backlog to 90+ launches.
- Awarded a $397 million contract for Flatellite spacecraft for U.S. Space Force.
- Awarded over $160 million across two contracts to build three geostationary satellites.
- Introduced GHOST globally-deployable launch system, with first launch in 2027.
- Forecasts Q3 2026 revenue between $250 million and $265 million.
Price Impact
More from RKLB