Billion-Dollar Stock Issuance by U.S. Space Launch Company

Rocket Lab Corp. (NASDAQ: RKLB) on March 17 entered into at-the-market equity distribution agreements with several financial institutions, expanding its capital-raising flexibility by authorizing the issuance and sale of up to $1 billion (approximately ₩1.3 trillion) of common stock. Under the agreements, the company may sell shares directly as needed or employ a forward‐sale structure that settles in shares at a later date. On March 24, Rocket Lab further bolstered its executive‐incentive program by granting restricted stock units to its Senior Vice President and Chief Legal Officer, vesting subject to a long‐service condition.

In March, Rocket Lab secured its largest single launch contract to date, winning a U.S. Department of Defense award valued at roughly $190 million for 20 HASTE rocket launches in support of hypersonic flight testing. In its February 26 release of full-year 2025 results, the company reported record annual revenue of $602 million and an order backlog of $1.85 billion.

Headquartered in the United States, Rocket Lab is a space‐launch and satellite‐systems provider that operates the Electron small-satellite launch vehicle and is developing the Neutron medium-to-large reusable rocket. Serving government and military customers—including NASA and the U.S. Department of Defense—as well as commercial satellite operators, Rocket Lab offers end-to-end space infrastructure services encompassing both launch and satellite manufacturing.