Rocket Lab USA, Inc. reported a 16% increase in revenue for the fiscal year 2023, reaching $244.6 million compared to $211 million in the previous year. The growth was attributed to organic space system growth and a higher launch cadence. The company completed ten launches in 2023, up from nine in 2022. Despite the revenue growth, Rocket Lab experienced a net loss of $182.6 million in 2023, an increase from a net loss of $135.9 million in 2022. The company's operating expenses also rose, with research and development costs increasing by 83% to $119 million, and selling, general, and administrative expenses growing by 24% to $110.3 million. Rocket Lab's backlog increased significantly from $504 million at the end of 2022 to $1.046 billion at the end of 2023. The company continues to invest in new products and technologies, including the development of the medium-lift Neutron launch vehicle. Rocket Lab's financial performance is influenced by government expenditures and private enterprise investment in the space economy.

Rocket Lab USA, Inc. reported a 16% increase in revenue for the fiscal year 2023, reaching $244.6 million compared to $211 million in the previous year. The growth was attributed to organic space system growth and a higher launch cadence. The company completed ten launches in 2023, up from nine in 2022. Despite the revenue growth, Rocket Lab experienced a net loss of $182.6 million in 2023, an increase from a net loss of $135.9 million in 2022. The company's operating expenses also rose, with research and development costs increasing by 83% to $119 million, and selling, general, and administrative expenses growing by 24% to $110.3 million. Rocket Lab's backlog increased significantly from $504 million at the end of 2022 to $1.046 billion at the end of 2023. The company continues to invest in new products and technologies, including the development of the medium-lift Neutron launch vehicle. Rocket Lab's financial performance is influenced by government expenditures and private enterprise investment in the space economy.