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Rocket Lab received an $816 million contract from the U.S. Space Development Agency for satellite development until 2029. This marks a strategic shift towards integrated space services despite challenges with the Neutron rocket's development, including a recent failure in a qualification test.

Financially, Rocket Lab saw a 48% revenue increase to $554 million in the past year, but reported a net loss of $198 million. Upcoming quarterly results on February 26 are expected to provide clarity on the Neutron timeline and future profitability.