Rocket Lab USA Inc-A 2025年季度报告

For the quarterly period endedMarch 31, 2025OR Long Beach,California(Address of principal executive offices) Large accelerated filerxAccelerated filerNon-accelerated fileroSmaller reporting company Emerging growth company federal securities laws. The information included in this Quarterly Report on Form 10-Q has been provided by us and ourmanagement, and such forward-looking statements include statements relating to the expectations, hopes, beliefs, intentions or statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actualresults or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described below and under the heading “Risk Factors.” •Our ability to effectively manage future growth and achieve operational efficiencies;•any inability of us to operate our Electron Launch Vehicle (“Electron”) at its anticipated launch rate, including due to anygovernment action related to launch failure and our ability to operate, could adversely impact our business, financialcondition and results of operations;•our inability to develop our Neutron Launch Vehicle (“Neutron”) or significant delays in developing Neutron couldadversely impact our business, financial condition and results of operations;•our inability to utilize our launch pads at our private launch complex in Mahia, New Zealand or at NASA’s Wallops FlightFacility, at Wallops Island, Virginia with sufficient frequency to support our launch cadence and future related revenue •changes in governmental policies, priorities, regulations, mandates or funding for programs in which we or our customersparticipate, which could negatively impact our business; •changes in trade policies, including tariffs; could result in a decline in future revenues, cancellation of contracted launches or space systems orders or termination ordefault of existing agreements; •the inability to comply with, and costs associated with complying, any applicable regulations, and specifically, U.S.government contract regulations, which could result in loss of contract opportunities, contract modifications or termination, •success in retaining or recruiting, or changes required in, officers, key employees or directors, and our ability to attract andretain key personnel, including Peter Beck, our President, Chief Executive Officer and Chairman; •defects in or failure of our products to operate in the expected manner, including any launch failure, which could result in aloss of revenue, impact our business, prospects and profitability, increase our insurance rates and damage our reputationand ability to obtain future customers; •inability or failure to protect intellectual property;•disruptions in the supply of key raw materials or components used to produce our products or increases in prices of raw materials; •the ability to implement our business plans, forecasts and other expectations, including the integration of recently acquiredbusinesses, and to identify and realize additional opportunities; •our inability to effectively integrate or benefit from recently purchased assets or businesses; •impacts of the wars in Ukraine or Israel or other global conflicts;•fluctuations in foreign exchange rates; •the risk of downturns in government and commercial launch services and spacecraft industries;•our ability to anticipate changes in the markets for rocket launch services, mission services, spacecraft and spacecraft •the inability or failure to comply with contractual requirements or covenants; •failure to maintain adequate operational and financial resources or raise additional capital or generate sufficient cash flows; operations, including those relating to cybersecurity or arising from cyber-attacks; and•other factors detailed under the section of this Quarterly Report on Form 10-Q entitled “Risk Factors.” the future be amplified by a global crises and/or any response to such a crisis and there may be additional risks that we considerimmaterial or which are unknown. It is not possible to predict or identify all such risks. We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may berequired under applicable securities laws. Q and have filed with the Securities and Exchange Commission (the “SEC”) as exhibits to this Quarterly Report on Form 10-Q withthe understanding that our actual future results, levels of activity, performance and events and circumstances may be materially different from what we expect. All forward-looking statements are qualified in their entirety by this cautionary statement. You should also note that we may announce material business and financial information to our investors using our website(including at https://investors.rocketlabusa.com