On this page of StockholderLetter.com we present the 4/28/2023 shareholder letter from Rocket Lab USA, Inc. — ticker symbol RKLB. Reading current and past RKLB letters to shareholders can bring important insights into the investment thesis.

 •  4/28/2023 Letter Continued (Full PDF)
 •  4/24/2024 RKLB Stockholder Letter
 •  7/11/2025 RKLB Stockholder Letter
 •  RKLB Benford's Law Stock Score = 90

RKLB 4/28/2023 Shareholder/Stockholder Letter Transcript:

Dear Fellow Rocket Lab Stockholders,
I am pleased to report that, in 2022, we made significant progress towards our mission of opening
access to space to improve life on earth with frequent, reliable, and cost-effective small satellite launch,
mid-earth orbit spacecraft architectures and in-space sustainment. We did this this while also
maintaining a commercially driven strategy we believe will deliver best-value for our customers and
superior cash flow generation for our shareholders.
In the year, we achieved several key milestones, including successful progress on Neutron, integration of
Space Systems assets and significantly scaling of Electron launches from six in the prior year to nine in
2022. These successes in turn have fueled our financial success with full fiscal year revenues of $211
million, a 239% increase in revenue compared to the previous year thanks to both strategic acquisitions
and organic growth.
As a company, we remain focused on investing in and executing on a robust pipeline of opportunities
centered around Rocket Lab   s cutting-edge technologies. In 2022, we successfully launched our 29th
vehicle, deploying our 152nd satellite into orbit, signed strategic deals in Space Systems and continued to
cultivate a vibrant and diversified pipeline across a variety of end-markets.
We also continued to invest in our infrastructure and capabilities. In 2022, we expanded Launch
Complex 2, our first US launch site, as we made significant progress on both Electron scaling and
Neutron development. We also continued to deliver an evolving set of Space Systems offerings with
strategic customers across Commercial, Civil, and Defense end-markets.
As we look ahead to the future, we remain committed to driving innovation, expanding our capabilities,
and delivering value for our customers and shareholders. We believe that our disciplined approach to
strategic investments and our commitment to excellence will enable us to continue to grow and achieve
our long-term goals.
In closing, I would like to express my gratitude to the entire Rocket Lab team, our customers, suppliers,
and stockholders for their continued support and dedication. Together, we have achieved great success
in 2022, and I am excited about the opportunities that lie ahead for our company and the Space industry
as a whole.
Sincerely,
Peter Beck
Founder and CEO, Rocket Lab



 4/28/2023 Letter Continued (Full PDF)