Rocket Lab ranked seventh on a list of 10 satellite and space stocks held by billionaires. According to Sina Finance, citing Insider Monkey, 16 billionaires held Rocket Lab shares at the end of the second quarter of 2026.
The company’s second-quarter revenue hit a record $234 million, up 62% year over year and $34 million from the previous quarter. Its backlog rose 137% year over year to $2.36 billion. Diluted loss per share narrowed to $0.08 from $0.13 a year earlier.
In June, Rocket Lab announced a cash-and-stock agreement to acquire Iridium Communications, valuing the company at about $8 billion. The deal is expected to close in mid-2027 and would combine Rocket Lab’s launch and satellite manufacturing businesses with Iridium’s global satellite communications network.
Morgan Stanley expects the global space industry, valued at $350 billion, to continue expanding. A rocket and space company owned by Elon Musk completed what the article describes as the largest IPO in history in June, at a $1.77 trillion market capitalization. Its shares later fell more than 36% from their post-IPO high as of the November 6 close, and were down 10% since listing on Nasdaq.
Rocket Lab’s Neutron rocket debut has been delayed from the fourth quarter of 2026 to early next year because of manufacturing defects. Its shares fell nearly 30% over the past month.