SpaceX vs. Rocket Lab: Which One Will Dominate the Next Decade?

SpaceX generated $18.5 billion of revenue and $8 billion of EBITDA in 2025, underscoring the scale of its private-market operations. Rocket Lab, by comparison, reported $602 million of revenue and was still operating at a loss, highlighting the wide performance gap between the two space companies. The article is largely comparative and informational, with limited immediate market-moving implications.

Analysis

SpaceX generated $18.5 billion of revenue and $8 billion of EBITDA in 2025, underscoring the scale of its private-market operations. Rocket Lab, by comparison, reported $602 million of revenue and was still operating at a loss, highlighting the wide performance gap between the two space companies. The article is largely comparative and informational, with limited immediate market-moving implications.