Key Catalysts & Events
Upcoming 2026 Catalysts
- Neutron Rocket Inaugural Launch (Q1-Mid 2026) - Major inflection point, 3-5 launches planned
- SDA Tranche 3 Additional Contracts - Up to $700M expected
- NASA MTO/MSA Contract - Up to $700M for Mars missions
- Mynaric Acquisition Closing - Laser communications tech
- Positive EBITDA forecast for 2026
- SpaceX IPO - Potential sector revaluation catalyst
- 32 Electron/HASTE Launches planned
- VICTUS HAZE & LOXSAT Missions - Defense & tech demos
Recent Wins (2024-2025)
- $816M SDA Tranche 3 Contract - 18 satellites (Dec 2025)
- $5.6B NSSL Phase 3 Selection - National security launches through 2029
- 21 Electron Launches - 100% success rate in 2025
- Record $600M Revenue - Backlog $1.3B+ in 2025
- Q3 Revenue $155M - Up 48% YoY
- ESCAPADE Mars Mission - Deep-space capability proof
Analyst Targets
- Street-high: $90-100 (Needham)
- Bull case: $150-200 by end 2026
- Key level: $80 breakout target