Rocket Lab announced its first customer for its coming Neutron vehicle. The space infrastructure company reported third-quarter revenue increased to $104.8 million, up 55% from $67.6 million for the same period a year ago.

Rocket Lab said it plans to launch its reusable Neutron rocket for the first time next year, which could position the company to compete for government contracts through a Space Force program. The company estimates more than 10,000 satellites will need ...

Reports indicate that Stifel analyst Erik Rasmussen raised his estimated valuation of the New Zealand rocket-maker by more than 50%, from $9 to $15 a share, and has "high-level conviction" that Rocket Lab will succeed in bringing its new Neutron rocket to market.