Rocket Lab announced its first customer for its coming Neutron vehicle. The space infrastructure company reported third-quarter revenue increased to $104.8 million, up 55% from $67.6 million for the same period a year ago.

Rocket Lab stock is on a roll as launch revenue rolls in and a new Neutron rocket promises to grow revenue even more. Rocket Lab ( RKLB 43.99%) stock lived up to its name this morning as shares were up 44% at 10:45 a.m. ET after an encouraging earnings report Tuesday evening.

Rocket Lab stock price has gone parabolic, rising in the last five consecutive weeks, and reaching its highest level since November 2021. The RKLB share price has jumped by 320% from its lowest level this year,

Shares of Rocket Lab USA ( NASDAQ: RKLB ), an aerospace manufacturer and launch-service provider, were up 50% in midday trading on Wednesday, after earnings beat Wall Street estimates. Hims & Hers stock tanks as Amazon debuts fixed pricing for hair-loss and erectile-dysfunction drugs

Rocket Lab reported another quarterly loss last week -- and investors didn't mind it a bit. Promises to double Q3's revenue growth rate in Q4, and strong demand for Electron launches have investors betting on Rocket Lab's success.