{"slug":"rocket-lab","name":"Rocket Lab","name_en":"Rocket Lab","ticker":"RKLB","updated_at":"2026-07-12T05:35:08.629786+00:00","canonical":"https://valuechain.wiki/rocket-lab","same_as":["https://finance.yahoo.com/quote/RKLB","https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1819994"],"citable":"밸류체인 그래프 기준 Rocket Lab의 직접 연결 기업은 3곳(관계 기준 공급 1·매출 2)이고, 사슬을 2차까지 넓히면 4곳에 닿는다. 링크의 근거 출처는 9건이며 그중 1차공시가 2건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, Rocket Lab is directly linked to 3 companies (1 supply, 2 revenue relationships) and reaches 4 companies within two hops; the links are backed by 9 dated sources, 2 of them primary filings (as of 2026-07-12).","kicker":"발사체·우주 시스템(Electron·Neutron)","kicker_en":"Launch & space systems","lead":"소형 발사체(Electron)와 중형 재사용 발사체(Neutron)·위성 시스템 기업. 2025년 연 21회 발사(100% 성공), 3분기 매출 $1.55억(+48%). 우주개발국(SDA)에서 $8.16억(위성 18기, Tranche 3) 등 $4.5억+ 신규 수주. SpaceX 외 서방 발사·위성 대안 축.","lead_en":"A small-launch (Electron) and medium reusable-launch (Neutron) and space-systems firm. 21 launches in 2025 (100% success), Q3 revenue $155M (+48%). An $816M Space Development Agency award (18 satellites, Tranche 3) among $450M+ in new contracts. A Western launch and satellite alternative to SpaceX.","segments":{"parts":[{"desc":"Electron 소형·Neutron 중형 재사용 발사 — SpaceX 외 서방 대안, 2025년 21회 100% 성공","name":"발사(Electron·Neutron)"},{"desc":"위성 버스·솔라·시스템 — 발사에서 위성 제조로 수직 확장(MDA 17기 버스 등)","name":"우주 시스템·위성"}],"total":"3Q 매출 $155M (+48%)","concentration":"SDA $816M 위성 18기. 연 21회 발사."},"segments_en":{"parts":[{"desc":"Small (Electron) and medium reusable (Neutron) launch — a Western alternative to SpaceX, 21 launches in 2025 at 100% success","name":"Launch (Electron/Neutron)"},{"desc":"Satellite bus, solar and systems — vertical expansion from launch into satellite manufacturing (e.g., MDA 17-bus order)","name":"Space systems/satellites"}],"total":"Q3 revenue $155M (+48%)","concentration":"$816M SDA (18 satellites); 21 launches/yr."},"returns_yearly":{"2021":21.5,"2022":-69.3,"2023":46.7,"2024":360.6,"2025":173.9,"2026":16.2},"return_asof":"2026-07-10","value_chain":{"leading":[{"slug":"apple","name":"Apple","name_en":"Apple","tier":3,"returns_yearly":{"2021":34.6,"2022":-26.4,"2023":49,"2024":30.7,"2025":9.1,"2026":16.2}},{"slug":"globalstar","name":"글로벌스타","name_en":"Globalstar","tier":2,"returns_yearly":{"2021":241.2,"2022":14.7,"2023":45.9,"2024":6.7,"2025":96.6,"2026":31.2}},{"slug":"mda-space","name":"MDA 스페이스","name_en":"MDA Space","tier":1,"returns_yearly":{"2022":-32.6,"2023":80,"2024":156.3,"2025":-9.8,"2026":80.8}},{"slug":"blacksky","name":"블랙스카이","name_en":"BlackSky Technology","tier":1,"returns_yearly":{"2021":-57.1,"2022":-65.7,"2023":-9.1,"2024":-3.7,"2025":73.8,"2026":33.4}}],"benefiting":[{"slug":"redwire","name":"Redwire","name_en":"Redwire","tier":1,"returns_yearly":{"2022":-70.7,"2023":43.9,"2024":477.5,"2025":-53.8,"2026":33.9}}],"analysis":"소형(Electron)·중형 재사용(Neutron) 발사와 위성 시스템을 함께 하는 우주 기업으로, SpaceX 외 서방의 발사·위성 대안이라는 희소 포지션이 강점이다. 성장 논지는 수직 확장 — 발사(2025년 21회·100% 성공)에서 위성 버스·솔라·시스템 제조로 넓혀, SDA $816M(위성 18기) 등 정부 수주가 매출 가시성을 준다. 리스크는 Neutron 중형 발사체의 개발·양산 실행과 아직 적자인 손익이며, 그래프 파급은 블랙스카이·AST·MDA 등 위성사업자의 전개 수요가 로켓랩 발사·버스 수주로 전이되는 경로다(레드와이어 솔라 등은 조달 비용축).","analysis_en":"A space firm combining small (Electron) and medium reusable (Neutron) launch with satellite systems, its edge the scarce position as a Western launch/satellite alternative to SpaceX. The thesis is vertical expansion — from launch (21 in 2025, 100% success) into satellite bus, solar and systems manufacturing, with government awards like the $816M SDA deal (18 satellites) giving revenue visibility. Risks are executing Neutron's development and ramp and still-negative earnings, and in graph terms deployment demand from operators like BlackSky, AST and MDA transmits into Rocket Lab launch and bus orders (with Redwire solar a procurement cost line).","analysis_asof":"2026-07-09"},"edges":[{"direction":"revenue","counterparty":"미 정부·국방 (발사·위성)","counterparty_slug":null,"confidence":"high","metric":{"type":"order_amount","unit":"USD","basis":"SDA Tranche 3 위성 계약","value":816000000,"period":"2025","basis_en":"SDA Tranche 3 satellite contract","qualifier":"approx"},"note":"우주개발국(SDA) 등에 발사·위성 공급($816M 위성 18기).","note_en":"Launch and satellites to US government (SDA); $816M for 18 satellites.","sources":[{"stance":"confirms","publisher":"Yahoo Finance","publisher_en":"Yahoo Finance","kind":"news","lang":"en","published_at":"2025-11-10","url":"https://finance.yahoo.com/news/rocket-lab-announces-third-quarter-211500981.html","title":"Rocket Lab 3분기 매출 $155M(+48%)","title_en":"Rocket Lab Q3 revenue $155M (+48%)","excerpt":"SDA $816M 위성 18기, 연 21회 발사.","excerpt_en":"$816M SDA (18 satellites); 21 launches/yr."},{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-08-07","url":"https://www.sec.gov/Archives/edgar/data/0001819994/000162828025038900/rklb-08072025ex991.htm","title":"Rocket Lab FY2025 2분기 실적(8-K)","title_en":"Rocket Lab FY2025 Q2 results (8-K)","excerpt":"SDA $816M 위성 18기, 연 21회 발사.","excerpt_en":"$816M SDA (18 satellites); 21 launches/yr."}]},{"direction":"revenue","counterparty":"상업 위성사업자 (발사·시스템)","counterparty_slug":null,"confidence":"high","metric":{"type":"revenue","unit":"USD","basis":"3Q 매출(+48%)","value":155000000,"period":"2025","basis_en":"Q3 revenue (+48%)","qualifier":"approx"},"note":"상업 위성사업자에 Electron 발사·위성 시스템 공급.","note_en":"Electron launch and satellite systems to commercial operators.","sources":[{"stance":"confirms","publisher":"Cyclo Space Tech","publisher_en":"Cyclo Space Tech","kind":"research","lang":"en","published_at":"2026-01-01","url":"https://cyclopspacetech.substack.com/p/rocket-lab-market-outlook-and-products","title":"Rocket Lab Neutron·성장 분석","title_en":"Rocket Lab Neutron and growth analysis","excerpt":"Neutron 중형 재사용 발사체 데뷔.","excerpt_en":"Neutron medium reusable launcher debut."}]},{"direction":"revenue","counterparty":"MDA 스페이스","counterparty_slug":"mda-space","confidence":"high","metric":{"type":"contract_value","unit":"USD million","as_of":"2022-02-24","basis":"Globalstar 우주선 버스 17기 하도급 초기 계약가(SOCC 별도, 금액 비공개)","value":143,"period":"2022~","basis_en":"Initial value of 17-bus subcontract (SOCC ordered separately, value undisclosed)"},"note":"Rocket Lab은 MDA(글로벌스타 위성 프라임)로부터 우주선 버스 17기를 수주(초기 1억4,300만 달러, 사상 최대 버스 수주)했고, SolAero 태양전지판·구조체와 위성 운영 관제센터(SOCC)도 공급한다.","note_en":"Rocket Lab won a 17-spacecraft-bus order (initial $143M, its largest bus award) from MDA, prime for Globalstar's satellites, also supplying SolAero solar panels/structures and the Satellite Operations Control Center.","sources":[{"stance":"confirms","publisher":"IoT Now","publisher_en":"IoT Now","kind":"news","lang":"en","published_at":"2022-11-15","url":"https://www.iot-now.com/2022/11/15/125408-rocket-lab-selected-by-mda-to-deliver-satellite-operations-control-center-for-globalstar-constellation/","title":"Rocket Lab, MDA로부터 Globalstar 위성군 운영 관제센터 납품 선정","title_en":"Rocket Lab selected by MDA to deliver Satellite Operations Control Center for Globalstar constellation","excerpt":"Rocket Lab ... selected by MDA to deliver the Satellite Operations Control Center for Globalstar's constellation.","excerpt_en":"Rocket Lab ... selected by MDA to deliver the Satellite Operations Control Center for Globalstar's constellation."},{"stance":"confirms","publisher":"SpaceNews","publisher_en":"SpaceNews","kind":"news","lang":"en","published_at":"2022-02-24","url":"https://spacenews.com/globalstar-selects-mda-and-rocket-lab-for-new-satellites/","title":"Globalstar selects MDA and Rocket Lab for new satellites","title_en":"Globalstar selects MDA and Rocket Lab for new satellites","excerpt":"MDA will act as prime contractor for the satellites, with Rocket Lab providing the spacecraft buses under a $143 million subcontract.","excerpt_en":"MDA will act as prime contractor for the satellites, with Rocket Lab providing the spacecraft buses under a $143 million subcontract."},{"stance":"confirms","publisher":"미국 증권거래위원회(SEC EDGAR)","publisher_en":"U.S. SEC (EDGAR)","kind":"filing","lang":"en","published_at":"2022-02-24","url":"https://www.sec.gov/Archives/edgar/data/0001819994/000119312522052360/d900616dex991.htm","title":"Rocket Lab Selected by MDA to Design and Build Spacecraft for Globalstar (Form 8-K Exhibit 99.1)","title_en":"Rocket Lab Selected by MDA to Design and Build Spacecraft for Globalstar (Form 8-K Exhibit 99.1)","excerpt":"The total initial contract value for Rocket Lab is US$143 million ... Rocket Lab will lead the development of the spacecraft buses, while MDA will act as prime contractor to manufacture Globalstar satellites.","excerpt_en":"The total initial contract value for Rocket Lab is US$143 million ... Rocket Lab will lead the development of the spacecraft buses, while MDA will act as prime contractor to manufacture Globalstar satellites."}]},{"direction":"revenue","counterparty":"블랙스카이","counterparty_slug":"blacksky","confidence":"high","metric":{"type":"cumulative_launches","unit":"launches","as_of":"2026-02-27","basis":"블랙스카이 전용 일렉트론 누적 발사","value":17,"period":"2019~2026","basis_en":"Cumulative dedicated Electron launches for BlackSky"},"note":"Rocket Lab은 블랙스카이의 최다 발사 파트너다. 2019년 이후 일렉트론 전용 발사 누적 17회(2023년 Gen-3용 5회 + 2026년 2월 추가 4회 계약 포함)로 Gen-3 위성군 전개를 담당한다. 계약 금액은 비공개.","note_en":"Rocket Lab is BlackSky's most prolific launch partner: 17 cumulative dedicated Electron launches since 2019 (including 5 contracted for Gen-3 in 2023 and 4 more in February 2026), carrying the Gen-3 constellation deployment. Contract values undisclosed.","sources":[{"stance":"confirms","publisher":"Satellite Evolution","publisher_en":"Satellite Evolution","kind":"news","lang":"en","published_at":"2026-02-27","url":"https://www.satelliteevolution.com/post/rocket-lab-secures-latest-multi-launch-contract-with-blacksky-for-4x-dedicated-electron-missions","title":"Rocket Lab secures latest multi-launch contract with BlackSky for 4x dedicated Electron Missions","title_en":"Rocket Lab secures latest multi-launch contract with BlackSky for 4x dedicated Electron Missions","excerpt":"Rocket Lab secured a multi-launch deal with BlackSky for four new dedicated Electron launches, bringing the total number of Electron launches for BlackSky since 2019 to 17... to help increase Gen-3 on orbit capacity.","excerpt_en":"Rocket Lab secured a multi-launch deal with BlackSky for four new dedicated Electron launches, bringing the total number of Electron launches for BlackSky since 2019 to 17... to help increase Gen-3 on orbit capacity."},{"stance":"confirms","publisher":"산경투데이","publisher_en":"Sankyung Today","kind":"news","lang":"ko","published_at":"2025-02-19","url":"https://www.sankyungtoday.com/news/articleView.html?idxno=50836","title":"로켓랩, 블랙스카이 3세대 위성 탑재 일렉트론 로켓 발사 성공","title_en":"Rocket Lab successfully launches Electron carrying BlackSky's Gen-3 satellite","excerpt":"블랙스카이는 지난 2023년 8월 로켓랩과 발사 서비스 5회 계약을 체결했다. 모두 3세대 위성 발사를 위한 것이다... 3세대 고해상도 EO/IR 위성 1기를 실은 일렉트론 로켓은 이날 뉴질랜드에 있는 로켓랩의 전용 발사장에서 이륙했다.","excerpt_en":"In August 2023 BlackSky signed a 5-launch service contract with Rocket Lab, all for launching Gen-3 satellites... The Electron carrying one Gen-3 high-resolution EO/IR satellite lifted off from Rocket Lab's dedicated launch site in New Zealand."}]},{"direction":"cost","counterparty":"Redwire","counterparty_slug":"redwire","confidence":"mid","metric":null,"note":"위성용 솔라어레이·구조를 레드와이어에서 조달.","note_en":"Sources satellite solar arrays/structures from Redwire.","sources":[{"stance":"confirms","publisher":"SpaceNews","publisher_en":"SpaceNews","kind":"news","lang":"en","published_at":"2025-06-01","url":"https://spacenews.com/redwire-unveils-new-solar-array/","title":"Redwire 신형 솔라어레이 ELSA","title_en":"Redwire unveils new solar array (ELSA)","excerpt":"위성용 솔라어레이·구조를 레드와이어에서 조달.","excerpt_en":"Sources satellite solar arrays/structures from Redwire."}]},{"direction":"cost","counterparty":"추진·복합재·부품 (비공개)","counterparty_slug":null,"confidence":"low","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"엔진·복합재·아비오닉스.","note_en":"Engines, composites and avionics.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-08-07","url":"https://www.sec.gov/Archives/edgar/data/0001819994/000162828025038900/rklb-08072025ex991.htm","title":"Rocket Lab FY2025 2분기 실적(8-K)","title_en":"Rocket Lab FY2025 Q2 results (8-K)","excerpt":"발사체 수직통합 제조.","excerpt_en":"Vertically integrated launch manufacturing."}]},{"direction":"cost","counterparty":"증설·발사장 (비공개)","counterparty_slug":null,"confidence":"low","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"Neutron 발사장(LC-3)·증설.","note_en":"Neutron launch site (LC-3) and capacity.","sources":[{"stance":"confirms","publisher":"Cyclo Space Tech","publisher_en":"Cyclo Space Tech","kind":"research","lang":"en","published_at":"2026-01-01","url":"https://cyclopspacetech.substack.com/p/rocket-lab-market-outlook-and-products","title":"Rocket Lab Neutron·성장 분석","title_en":"Rocket Lab Neutron and growth analysis","excerpt":"LC-3 발사·착륙장.","excerpt_en":"LC-3 launch and landing site."}]}]}