Rocket Lab backlog grows 137% amid Space Force activity

Rocket Lab has reported a significant increase in its order backlog, which has grown by 137 percent year-over-year to reach $2.36 billion. Despite this operational momentum and recent successes—including the successful launch of its 93rd Electron mission for Japan's iQPS and securing contracts with Viasat and the US Space Force—the company's stock recently experienced a weekly decline of 9 percent.

In related developments within the aerospace sector, the US Space Force is expanding the use of the Starshield satellite network. A new fleet-level service contract has been announced to integrate Starshield Tile and Tile Mini Terminals into military aircraft. This service aims to provide global high-speed connectivity, targeting downlink speeds of at least 500 Mbit/s and uplink speeds of 100 Mbit/s.