Keith Speights

And that's turning out to be a really smart move.

The numbers speak for themselves with Rocket Lab.

The company reported record revenue in Q3 of $155 million.

That was up around 48% year over year.

Now, Rocket Lab is still unprofitable, but its bottom line is improving.

It improved significantly.

from the prior year period.

The other thing is the company's gross margin is looking better.

Rocket Labs reported a gross margin of 37% in Q3.

That was a record high for the company.

I think the main reason to get excited about Rocket Lab is that its prospects are significantly looking up.

No pun intended there.

The company's backlog is at an all-time high.

They have 49 launches under contract.

What's especially noteworthy to me is that over one-third of those deals, 17 of them, were signed in the third quarter alone.

Yeah, Jason, you and Emily and I talked on the podcast just a couple of weeks ago about the impact of the federal government shutdown.

Rocket Lab has definitely been affected by this ordeal.

For example, awards for around 54 of the space development agencies' Tronch 3 tracking layer have been delayed by the government shutdown.

And that Tronch 3 tracking layer, by the way, is a constellation of satellites that are designed to track and provide warning about missile threats.

On a similar note, Rocket Lab could be a potential winner when contracts are awarded for the Golden Dome Missile Defense System.