Rocket Lab CEO Interview on Neutron Rocket

A test of the Archimedes rocket engine intended to power Rocket Lab’s next-generation Neutron craft (Rocket Lab)

Rocket Lab beats expectations on Q4 sales, per-share loss

Here’s how the numbers looked in the most recent quarter.

2/26/26 4:32PM

Retail favorite Rocket Lab posted better-than-expected Q4 sales and a slightly smaller adjusted per-share loss than expected late Thursday. The stock slipped slightly in the after-hours session, giving back some of the day’s gains.

Here’s how the company, which has positioned itself as a publicly traded competitor to Elon Musk’s privately held SpaceX, did in its most recent quarter:

Q4 revenue of $179.7 million vs. Wall Street’s expectation for $176.8 million.
An adjusted loss per share of $0.09 vs. the consensus estimate of a $0.10 loss.
Adjusted EBITDA of -$17.4 million vs. analyst expectations of -$25.2 million.

Rocket Lab’s remarkable performance in recent years — it rose by 361% in 2024, and by another 174% last year — has attracted a loyal following of retail shareholders as the satellite-services-from-space theme has turned into one of the most explosive areas of the market.

Companies such as AST SpaceMobile, Planet Labs, and EchoStar have also soared, respectively gaining 244%, 388%, and 375% in 2025, amid growing excitement for the sector. That fervor has been stoked, in part, by Elon Musk’s reported plans to bring SpaceX public in the middle of this year, in what could be the largest share offering of all time.

Hype aside, Rocket Lab has a ways to go before producing profits, with its strategy hinging on its effort to bring its new, larger Neutron rocket into the launch services market. To that end, investors may have been disappointed about the progress of its flagship rocket, after the company’s press release revealed that Neutron’s first launch is now being targeted for Q4 2026. Previously, in the company's Q3 results, management had hinted at a launch in the first half of 2026, pending successful testing.

Wall Street is looking for the company to go adjusted EBITDA positive late this year.

Claire Yubin Oh15s

Amazon reportedly nears deal for Globalstar in bid to take on SpaceX’s Starlink

Globalstar is up 17% in premarket trading on Tuesday after Bloomberg reported that Amazon is nearing a deal to acquire the satellite company, as it moves to keep up with Elon Musk’s Starlink.

A transaction could be announced as soon as today, though final terms haven’t yet been reached and the timing of the announcement could change, according to people familiar with the matter.

Globalstar shares have almost tripled in the past year, including a jump at the start of this month after the Financial Times reported early negotiations between the two companies.

The deal would potentially accelerate Amazon’s efforts to build out its own low-earth-orbit satellite network, Bloomberg Intelligence analyst Jon Davies observed, with Amazon reportedly planning to have 700 satellites in space by the middle of 2026.

But there’s a small caveat — Apple’s 20% stake in Globalstar, which it took after a $1.5 billion investment in 2024, might give Amazon’s tech peer a say in Globalstar’s future, per people familiar with the matter. Globalstar’s buildout may already be linked with Apple’s product road map, and the iPhone maker “will not want to alter its plans,” said Davies.

Amazon Nears Deal for Globalstar in Push to Rival Musk’s Starlink

Globalstar shares have almost tripled in the past year, including a jump at the start of this month after the Financial Times reported early negotiations between the two companies.

Luke Kawa1h

Bloom Energy spikes after vastly expanding its deal to supply fuel cells to Oracle

Bloom Energy spiked 15% in postmarket trading on Monday after expanding its pact to supply power to Oracle.

The hyperscaler has contracted an initial 1.2 gigawatts of fuel cell capacity from Bloom, with plans to procure up to 2.8 gigawatts in order to support the power needs of its data centers.

Shares of Bloom boomed last July after the initial announcement that it would be delivering “onsite power for an entire data center within 90 days,” the first time the fuel cell company booked a direct deal with a hyperscaler. Bloom came through with the delivery in 55 days.

Oracle execs are obviously pleased with the execution and the results — and have another reason to be happy about getting more power from Bloom...

In concert with this announcement, a filing showed that Oracle received warrants to buy 3.53 million shares of Bloom Energy for $113.28 apiece on April 9, as part of an agreement reached between the two sides in October. That would be about 1.25% of Bloom's current shares outstanding.

“It was a great strategic partnership where both enterprises had a lot to gain,” Bloom founder, chairman, and CEO KR Sridhar said of the warrant deal during the Q4 earnings call on February 2026. “And remember, these were not penny warrants. These were done at market pricing on the day we agreed to, like what we do. So it is not in lieu of something other than both parties enhancing enterprise value.”

So, Bloom’s business gets a massive boost from a hyperscaler moving from a proof of concept to a seal of approval, and Oracle gets power for about $320 million less than the sticker price (based on the gap between Bloom’s postmarket price on Monday, roughly $204, and the exercise price of the warrants).

Ben Walsh

13h

Stocks gain after Trump orders Hormuz blockade, says Iran wants to make a deal

Stocks shrugged off the weekend’s failed peace talks.

Josh Giddey #3 of the Chicago Bulls grabs a rebound during the second half against the Detroit Pistons on October 22, 2025 at the United Center in Chicago, Illinois.

Matt Phillips16h

Intel is having its best year since 1987

Intel is up for its ninth straight session on Monday, continuing the romp that has made it the top performer in the S&P 500 this month, ganing roughly 46% in April so far.

The series of deals Intel has recently struck with Alphabet on a custom chip collaboration and with Elon Musk on his Terafab project seem to be helping reshape traders’ views on what was seen only a few months ago as an ailing American tech icon.

That turnaround in perception has been nothing short of historic.

Intel is now up almost 230% over the last year. You have to go back to 1987 to find a better 12-month run for the stock.

Still, the forward-looking market is giving Intel credit for a turnaround that really hasn’t happened yet on an operational level. Wall Street analysts expect another year-on-year sales decline when Intel reports results on April 23, while anticipating that Intel can cobble together adjusted earnings per share of a penny.

All the same, the market clearly sees a future that, at least for now, it likes.

Luke Kawa18h

Neoclouds surge as Anthropic’s deals mean the scramble for compute is on

Just because software stocks are crushing semiconductors on Monday in a reversal of recent trends doesn’t mean the AI trade is taking a nosedive.

CoreWeave is on fire yet again, with strong follow-through after having reached deals to provide AI compute to Anthropic and Meta last week. Other data center companies like Nebius, IREN, Cipher Digital, and Applied Digital are also up big.

A scramble for compute is particularly great news for these providers of “surge capacity.”

Anthropic is producing AI tools and capabilities that people love. What people have been less than enamored with about Anthropic (especially as of late!) is access to compute, with myriad complaints of stealth token rationing.

OpenAI has reportedly argued that its immense cash burn to accumulate compute is therefore its competitive advantage over the Claude developer. Anthropic is now under pressure to spend a lot more on compute so that its customers are happy with the ability and availability of its offerings.

Similarly, a lot of networking/connectivity stocks that spiked on Friday, like Astera Labs and POET Technologies, are building on that momentum, with flash memory standout Sandisk up strongly as well.

Separately, PJM warned after the close on Friday that the US grid operator is looking to add 15 gigawatts of new power supply due to expected increases in demand tied to AI through Q1 2027. It’s seemingly clearer that there’s strong visibility into increased appetite for compute, power, and the other materials needed to facilitate the boom.

As such, AI energy plays like Vistra, Bloom Energy, Oklo, and Plug Power are also enjoying a solid start to the week.