Rocket Lab Shares Up 21.9% After 83rd Launch, New Defense Contract
Rocket Lab’s stock has climbed 21.9% over three months, outperforming the Aerospace-Defense industry’s 15.8% and the sector’s 13.2% growth. The company completed its 83rd Electron launch in March and secured the Cassowary Vex Defense Innovation Unit contract while operating costs surged 42.5% in 2025.
1. Market Performance
Rocket Lab’s shares have risen 21.9% over the past three months, outpacing the Aerospace-Defense industry’s 15.8% increase and the sector’s 13.2% gain. This outperformance reflects growing investor confidence in its launch capabilities and government partnerships.
2. Launch Milestones and Government Contracts
In March 2026, Rocket Lab completed its 83rd Electron mission, deploying a commercial satellite and supporting a hypersonic test flight for the Defense Innovation Unit. The company also won the Cassowary Vex dedicated HASTE rocket mission from the same unit, bolstering its role in national security space programs.
3. Financial Risks and Premium Valuation
Operating costs jumped 42.5% in 2025 due to investments in Neutron rocket development and satellite platforms, which have outpaced revenue growth and sustained quarterly losses. Shares trade at a forward 12-month price/sales ratio of 40.8X versus the industry average of 12.5X, raising questions about valuation levels.