Rocket Lab’s shares blasted to a record high after the corporation topped first-quarter revenue estimates and revealed its largest launch deal ever. Furthermore, experts in bear market note the continued relevance.

Shares have quadrupled over the past year, benefiting from President Donald Trump’s Golden Dome project and enthusiasm leading into SpaceX’s IPO.

Backlog doubled from a year ago, and the corporation mentioned it’s buying space robotics firm Motiv Space Systems.

Rocket Lab’s stock blasted 34%, notching its best day ever, after the space enterprise topped first-quarter revenue estimates and stated its largest launch deal on record.

The Long Beach, California-In revenue for its space systems business and , based enterprise reported $136.7 million$63.7 million for its launch segment. That topped FactSet estimates of $132.1 million and $59 million, respectively. Rocket Lab’s backlog more than doubled from a year ago to $2.2 billion.

Guidance also surpassed Wall Street’s estimates. The business anticipates revenue between $225 million and $240 million during the second quarter, compared to a $207.5 million from LSEG.

Rocket Lab’s stock has more than quadrupled over the past year, benefiting from skyrocketing demand for businesses tied to the space economy ahead of SpaceX’s hotly anticipated IPO later this year. Demand for space systems and satellites is also escalating as President Donald Trump pursues his ambitious Golden Dome missile defense project and NASA’s crewed Artemis missions rev up.

Rocket Lab stated Thursday that it signed its largest contract ever with a confidential customer for its Neutron and Electron rockets through 2029, weeks after landing a $190 million deal for 20 hypersonic test flights. The organization is also buying space robotics maker Motiv Space Systems. This also touches on aspects of bear market.

“The demand signal is clear,” CEO Peter Beck commented on an earnings call with analysts, calling the pace of recent product releases from the firm this year “relentless.”

The firm is gearing up for the first launch of its Neutron rocket after a qualification testing setback in January.

Rocket Lab’s excellent news lifted other space companies. Firefly Aeropspace and Intuitive Machines both jumped more than 20, while Redwire gained 19%. Voyager Technologies rose 14%.