Rocket Lab USA, Inc. (RKLB) shares soared 7.38% in pre-market trading following the release of its first-quarter 2026 financial results and a series of significant business announcements.

The space launch and systems provider reported record quarterly revenue of $200.3 million, a 63.5% year-over-year increase that surpassed analyst expectations. The company also posted a record backlog of $2.2 billion, up 20.2% sequentially, and issued strong second-quarter revenue guidance of $225 million to $240 million, well above market estimates.

The positive momentum was further fueled by multiple strategic wins, including the largest launch contract in company history for five Neutron and three Electron launches, a $30 million contract from Anduril for hypersonic test flights, a partnership with Raytheon for a U.S. Space Force program, and the acquisition of robotics leader Motiv Space Systems to expand vertical integration capabilities.