Rocket Lab Advances Satellite Technology with Canadian Funding

Long Beach, California, January 9, 2026 – Rocket Lab Corporation (NASDAQ: RKLB) announced it received CAD $999,951 in funding from the Canadian Space Agency (CSA) to develop a new medium-class reaction wheel for satellites. This development enhances Rocket Lab’s portfolio of space systems components, supporting larger satellites operating in low Earth orbit and beyond. The funding, awarded through the CSA’s Space Technology Development Program, was part of a broader CAD $14.2 million investment in Canadian space innovation. Rocket Lab stock has shown strong performance, with shares opening at $85.50 and trading in a range of $82.26 to $89.87, reflecting investor confidence in the company’s growth trajectory.

Canadian Space Agency Funding Details

Rocket Lab’s Canadian subsidiary will develop and qualify the new reaction wheel at its Toronto facility, which has been a cornerstone of Canada’s satellite hardware ecosystem for over two decades. The component targets a minimum angular momentum capacity of 25 Nms, designed for satellites weighing between 500 kg and 1,000 kg. President of Rocket Lab USA, Brad Clevenger, stated that the space industry is rapidly evolving, and this initiative supports the delivery of reliable, flight-proven components for satellites of all sizes. Rocket Lab currently offers reaction wheels that have flown in more than 300 satellites, ranging from 1 kg CubeSats to spacecraft over 1,000 kg, and this new product expands its capabilities to serve a growing market segment.

Financial Overview and Stock Performance

Rocket Lab reported revenue of $554.54 million for the trailing twelve months, with a net income of -$197.63 million. The company’s market capitalization stands at $44.38 billion, with shares outstanding at 534.16 million. Analysts rate the stock as “Buy,” with an average price target of $53.23, representing a 35.93% downside from recent prices. The stock has experienced significant growth, up 67% in the past month and 198.35% over the past 52 weeks, driven by successful launches and contracts. In 2024, Rocket Lab’s revenue increased 78.34% year-over-year to $436.21 million, though losses widened to -$190.18 million.

Key Facts / Stats

Recent Developments

Rocket Lab achieved a milestone with 21 launches in 2025, maintaining a 100% mission success rate. On December 21, 2025, the company successfully launched for iQPS, ending the year on a high note. Earlier in December, Rocket Lab won an $816 million contract with the U.S. Space Development Agency for missile-defense satellites and executed a successful launch for the Department of War. The company also secured a $515 million prime contract to build missile-defense satellites for the U.S. Space Force. These accomplishments, combined with the Neutron rocket’s development, have bolstered investor optimism.

Frequently Asked Questions

What is the current price of Rocket Lab stock?

As of the latest data, Rocket Lab stock (RKLB) is trading around $85.50, with a previous close of $84.08 and a day’s range of $82.26 to $89.87.

How has Rocket Lab’s stock performed recently?

Rocket Lab’s stock has risen 67% in the past month and 198.35% over the past 52 weeks, with a beta of 2.17 indicating higher volatility than the market average.

What are Rocket Lab’s key financial metrics?

Rocket Lab has a market capitalization of $44.38 billion, revenue of $554.54 million (TTM), and a net income of -$197.63 million (TTM). The PE ratio is not applicable due to negative earnings.

When is Rocket Lab’s next earnings report?

Rocket Lab’s next earnings report is scheduled for February 26, 2026.

What is the significance of the Canadian funding?

The CAD $999,951 funding from the Canadian Space Agency supports the development of a new reaction wheel for medium-class satellites, enhancing Rocket Lab’s space systems offerings and strengthening its Canadian operations.