Rocket Lab Posts $200M Q1 Revenue, Acquires Motiv Space, Wins $30M Anduril Contract
RKLB•Rocket Lab reported Q1 revenue of $200 million, beating guidance, and backlog exceeding $2.2 billion. On May 7 the company agreed to buy robotics leader Motiv Space Systems, won a $30 million Anduril HASTE contract and locked in eight Neutron and Electron launches through 2029 for a record backlog.
1. First Quarter 2026 Financial Results
Rocket Lab delivered $200 million in Q1 revenue, surpassing guidance across revenue, margin and adjusted EBITDA metrics. The company reported a backlog exceeding $2.2 billion and issued a forecast for another record quarterly revenue.
2. Acquisition of Motiv Space Systems
Rocket Lab signed a definitive agreement to acquire Motiv Space Systems, adding Mars-proven robotics, motion control electronics and solar array drive assemblies to its in-house manufacturing. The deal closes in Q2 2026 and strengthens vertical integration of critical spacecraft components.
3. $30 Million HASTE Hypersonic Launch Contract
Anduril Industries awarded Rocket Lab a $30 million contract for three HASTE hypersonic test flights from Launch Complex 2 in Virginia. The multi-launch agreement, fully funded by Anduril, aims to execute the first Mach 5+ mission in under 12 months.
4. Largest Launch Deal to Date
A confidential customer secured five Neutron and three Electron dedicated launches set for 2026–2029, marking Rocket Lab’s biggest contract by mission count. This agreement boosts the overall mission backlog past 70 launches and underlines strong demand for its reusable and small-satellite launch services.
