Electron rockets undergo preparation for launch.
Rocket Lab’s revenue increased slightly in the first quarter, but losses grew as well, as the spacecraft and launch company added a NASA contract and continued to invest in its future Neutron vehicle.
The company reported a net loss of $45.6 million, or 10 cents per share, wider than the net loss of $26.7 million, or 6 cents per share, that it reported a year earlier. On an adjusted EBITDA basis, the company lost $26.2 million, compared with loss of $8 million in the same period a year ago.
Rocket Lab said an increase in R&D spending for its Neutron rocket and Photon spacecraft drove a rise in…