Rocket Lab launched its HASTE hypersonic test mission for the Department of War, successfully deploying a scramjet aircraft.
Quiver AI Summary
Rocket Lab Corporation successfully launched its latest hypersonic test mission, "That’s Not A Knife," on February 27, 2026, for the Department of War's Defense Innovation Unit. This mission, conducted from the Virginia Spaceport, marked the second successful hypersonic test in three months and the seventh overall using the HASTE rocket, which is designed for rapid and reliable hypersonic system testing. The mission deployed the DART AE scramjet-powered aircraft, contributing to advancements in hypersonic technology for the U.S. and its allies. Rocket Lab's 100% mission success rate with HASTE underscores its role in enhancing national security through innovative testing platforms. Executives from both Rocket Lab and Hypersonix expressed pride in the successful collaboration and the critical progression toward operational hypersonic capabilities. This launch also highlights Rocket Lab's expertise in providing launch services for a wide range of governmental and commercial missions.
Potential Positives
- Rocket Lab successfully launched its hypersonic test mission for the Department of War's Defense Innovation Unit, demonstrating its commitment to supporting national security priorities.
- The HASTE rocket achieved 100% mission success across all launches, validating Rocket Lab's capabilities and reliability in the hypersonic technology sector.
- This mission established HASTE as a premier commercial test platform for hypersonic systems, showcasing Rocket Lab's role in advancing critical technology for the U.S. and its allies.
- The successful launch maintains Rocket Lab's position as a leader in small-lift launch capabilities, further enhancing its reputation in government and commercial missions.
Potential Negatives
- The reliance on government contracts for hypersonic testing raises concerns about the potential for fluctuations in funding, which may affect the company's long-term stability and growth.
- Despite the current success of the HASTE program, the press release does not detail how Rocket Lab plans to maintain competitive advantages as other companies enter the hypersonic testing arena.
- The mention of forward-looking statements emphasizes uncertainties and risks related to the company's future performance, which may lead to investor anxiety.
FAQ
What is Rocket Lab's latest hypersonic test mission about?
Rocket Lab successfully launched its latest hypersonic test mission, "That’s Not A Knife," for the Department of War to advance hypersonic technology.
When did the hypersonic test launch take place?
The hypersonic test launch occurred on February 27, 2026, at 7:00 p.m. Eastern time.
What is the HASTE rocket's purpose?
The HASTE rocket provides hypersonic test launch capabilities for the U.S. government and its allies, supporting critical national priorities.
What was deployed during this mission?
The mission deployed DART AE, a scramjet-powered aircraft developed by Hypersonix, into a suborbital hypersonic flight environment.
How successful have the HASTE launches been?
Rocket Lab has achieved 100% mission success across all HASTE launches, establishing it as a premier commercial test platform for hypersonic systems.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$RKLB Insider Trading Activity
$RKLB insiders have traded $RKLB stock on the open market 126 times in the past 6 months. Of those trades, 0 have been purchases and 126 have been sales.
Here’s a breakdown of recent trading of $RKLB stock by insiders over the last 6 months:
- PETER BECK (CEO) has made 0 purchases and 25 sales selling 5,018,857 shares for an estimated $269,325,511.
- ADAM C. SPICE (Chief Financial Officer) has made 0 purchases and 17 sales selling 2,371,134 shares for an estimated $150,985,730.
- MATTHEW OCKO has made 0 purchases and 12 sales selling 1,873,097 shares for an estimated $90,280,094.
- FRANK KLEIN (Chief Operations Officer) has made 0 purchases and 21 sales selling 196,339 shares for an estimated $11,627,067.
- MERLINE SAINTIL has made 0 purchases and 9 sales selling 143,500 shares for an estimated $11,489,000.
- JON A OLSON has made 0 purchases and 20 sales selling 90,605 shares for an estimated $5,130,467.
- ARJUN KAMPANI (SVP General Counsel &) has made 0 purchases and 12 sales selling 79,770 shares for an estimated $3,583,635.
- NINA ARMAGNO has made 0 purchases and 9 sales selling 27,314 shares for an estimated $1,862,972.
- EDWARD H. FRANK sold 2,500 shares for an estimated $193,471
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$RKLB Revenue
$RKLB had revenues of $179.7M in Q4 2025. This is an increase of 35.7% from the same period in the prior year.
You can track RKLB financials on Quiver Quantitative's RKLB stock page.
$RKLB Hedge Fund Activity
We have seen 500 institutional investors add shares of $RKLB stock to their portfolio, and 330 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VK SERVICES, LLC removed 8,323,617 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $580,655,521
- BAILLIE GIFFORD & CO added 5,725,536 shares (+47.2%) to their portfolio in Q4 2025, for an estimated $399,413,391
- VANGUARD GROUP INC added 5,610,469 shares (+13.4%) to their portfolio in Q4 2025, for an estimated $391,386,317
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 4,403,335 shares (-72.1%) from their portfolio in Q4 2025, for an estimated $307,176,649
- JPMORGAN CHASE & CO added 4,122,175 shares (+74.0%) to their portfolio in Q4 2025, for an estimated $287,562,928
- TIDAL INVESTMENTS LLC removed 3,749,041 shares (-97.3%) from their portfolio in Q4 2025, for an estimated $261,533,100
- MORGAN STANLEY removed 2,929,182 shares (-41.1%) from their portfolio in Q4 2025, for an estimated $204,339,736
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$RKLB Analyst Ratings
Wall Street analysts have issued reports on $RKLB in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- B of A Securities issued a "Buy" rating on 01/20/2026
- Morgan Stanley issued a "Overweight" rating on 01/16/2026
- Needham issued a "Buy" rating on 12/23/2025
To track analyst ratings and price targets for $RKLB, check out Quiver Quantitative's $RKLB forecast page.
$RKLB Price Targets
Multiple analysts have issued price targets for $RKLB recently. We have seen 8 analysts offer price targets for $RKLB in the last 6 months, with a median target of $85.0.
Here are some recent targets:
- Andres Sheppard from Cantor Fitzgerald set a target price of $85.0 on 02/27/2026
- Ronald Epstein from B of A Securities set a target price of $120.0 on 01/20/2026
- Anthony Valentini from Goldman Sachs set a target price of $69.0 on 01/20/2026
- Kristine Liwag from Morgan Stanley set a target price of $105.0 on 01/16/2026
- Ryan Koontz from Needham set a target price of $90.0 on 12/23/2025
- Erik Rasmussen from Stifel set a target price of $85.0 on 12/22/2025
- Michael Leshock from Keybanc set a target price of $75.0 on 10/17/2025
Full Release
LONG BEACH, Calif., Feb. 27, 2026 (GLOBE NEWSWIRE) -- Rocket Lab Corporation (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today successfully launched its latest hypersonic test mission on its HASTE rocket for the Department of War’s Defense Innovation Unit (DIU) – supporting a critical national priority to advance hypersonic technology for the United States and its allies.
“That’s Not A Knife” lifted off on February 27 at 7:00 p.m. Eastern (February 28, 00:00 UTC) from Rocket Lab Launch Complex 2 within the Virginia Spaceport Authority’s Mid-Atlantic Regional Spaceport on Wallops Island, Virginia – the second successful launch of a hypersonic test mission for the DIU in three months and 7th HASTE launch overall. The mission deployed DART AE, a scramjet-powered aircraft developed by Australian aerospace engineering firm Hypersonix, into a suborbital hypersonic flight environment at several times the speed of sound.
With 100% mission success across all HASTE launches, Rocket Lab is helping to shape a new era of hypersonic systems testing with speed and precision, lower costs, and a modern test platform that serves the Department of War’s critical technology priorities. In under two years since its inaugural launch, HASTE has rapidly established itself as a premier commercial test platform for hypersonic systems. By combining Rocket Lab’s unmatched operational speed and cadence with the versatility to support diverse mission profiles within a single test platform, HASTE is driving significant advancements in hypersonic innovation and technology readiness for the nation.
Rocket Lab’s Vice President Global Launch Services, Brian Rogers, says: “This launch is another proud moment for the HASTE team and a great showcase of the important commercial platform it has become for the Department of War. Regular and reliable HASTE launches are helping to accelerate hypersonic readiness for the nation, and we take pride in providing the foundation to a new era of testing of this critical technology to protect the United States space security.”
Hypersonix CEO, Matt Hill, says: “This mission is a major milestone for Hypersonix and our flight test program. Successfully flying DART AE in a real hypersonic environment validates years of disciplined engineering and preparation by our team. Launching aboard Rocket Lab’s HASTE vehicle enabled us to execute the mission with speed and precision. This flight moves us from ground-based validation into true hypersonic operations and brings us closer to delivering reusable hypersonic capability that is operationally relevant for our partners and allies.”
“That’s Not A Knife” is Rocket Lab’s third launch of the year with 100% mission success and 82nd launch overall, maintaining the global superiority of Rocket Lab’s small-lift launch capabilities across government and commercial missions.
Rocket Lab Media Contact
Murielle Baker
[email protected]
About Rocket Lab
About Rocket Lab Rocket Lab is a leading space company that provides launch services, spacecraft, payloads and satellite components serving commercial, government, and national security markets. Rocket Lab’s Electron rocket is the world’s most frequently launched orbital small rocket; its HASTE rocket provides hypersonic test launch capability for the U.S. government and allied nations; and its Neutron launch vehicle in development will unlock medium launch for constellation deployment, national security and exploration missions. Rocket Lab’s spacecraft and satellite components have enabled more than 1,700 missions spanning commercial, defense and national security missions including GPS, constellations, and exploration missions to the Moon, Mars, and Venus. Rocket Lab is a publicly listed company on the Nasdaq stock exchange (RKLB). Learn more at
www.rocketlabcorp.com
.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our launch and space systems operations, launch schedule and window, safe and repeatable access to space, Neutron development, operational expansion and business strategy, are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “strategy,” “future,” “could,” “would,” “project,” “plan,” “target,” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at
www.sec.gov
and the Investor Relations section of our website at
https://investors.rocketlabcorp.com
which could cause our actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.