Capital Expenditures for Rocket Lab USA (RKLB)
According to Rocket Lab USA's latest reported financial statements, the company's current capital expenditures (TTM) is $154.67M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
RKLB
Currently viewingCapital ExpendituresSwitch metric
Latest period
$154.67M
YoY change
+132.9%
5Y CAGR
+44.1%
Peak year (2025)
$156.28M
Cumulative capital expenditures
$395.63M
CapEx history chart for Rocket Lab USA (RKLB) from 2019 to 2025
CapEx history table for Rocket Lab USA (RKLB) from 2019 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $156.28M | +132.9% | +$89.19M | ||
| 2024 | $67.09M | +22.6% | +$12.39M | ||
| 2023 | $54.71M | +29.0% | +$12.29M | ||
| 2022 | $42.41M | +65.0% | +$16.71M | ||
| 2021 | $25.70M | +2.3% | +$578,000 | ||
| 2020 | $25.12M | +3.3% | +$805,000 | ||
| 2019 | $24.32M | — | — |
CapEx values are taken from Rocket Lab USA's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Rocket Lab USA (RKLB) most recent annual capital expenditures stands at $156.28M (2025) – surged 132.9% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Rocket Lab USA capital expenditures compounded at +44.1% per year, sustaining 6 straight years of year-over-year growth.
Across the available history, capital expenditures reached its high of $156.28M in 2025 and its low of $24.32M in 2019.
Rocket Lab USA (RKLB) sits 8th of 8 Industrials peers we track on this metric, against a peer median of $2.05B.
Rocket Lab USA Capital Expenditures by Year
Rocket Lab USA Capital Expenditures 2025: $156.28M
Rocket Lab USA capital expenditures in 2025 was $156.28M, surged 132.9% from 2024. This figure represents the highest annual value in the available history.
Rocket Lab USA Capital Expenditures 2024: $67.09M
Rocket Lab USA capital expenditures in 2024 was $67.09M, grew 22.6% from 2023.
Rocket Lab USA Capital Expenditures 2023: $54.71M
Rocket Lab USA capital expenditures in 2023 was $54.71M, grew 29.0% from 2022.
Rocket Lab USA Capital Expenditures 2022: $42.41M
Rocket Lab USA capital expenditures in 2022 was $42.41M, surged 65.0% from 2021.
Rocket Lab USA Capital Expenditures 2021: $25.70M
Rocket Lab USA capital expenditures in 2021 was $25.70M.
See more financial history for Rocket Lab USA (RKLB).
Sector peers — CapEx
Companies in the same sector as Rocket Lab USA, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Deere & Company (DE) | $4.23B | Industrials |
| Union Pacific (UNP) | $3.79B | Industrials |
| Boeing (BA) | $2.94B | Industrials |
| RTX (RTX) | $2.63B | Industrials |
| Caterpillar (CAT) | $1.47B | Industrials |
| GE Aerospace (GE) | $1.27B | Industrials |
| Vertiv Holdings (VRT) | $220.00M | Industrials |
| Eaton Corporation (ETN) | $0 | Industrials |
Frequently asked questions
What is Rocket Lab USA's capital expenditures?
Latest reported capital expenditures for Rocket Lab USA (RKLB) is $154.67M (period ending March 31, 2026).
How has Rocket Lab USA capital expenditures changed year-over-year?
Rocket Lab USA (RKLB) capital expenditures changed +132.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Rocket Lab USA capital expenditures?
Rocket Lab USA (RKLB) capital expenditures compound annual growth rate is +44.1% over the most recent 5 years available.
When did Rocket Lab USA capital expenditures hit its highest annual value?
Rocket Lab USA capital expenditures reached its highest annual value of $156.28M in 2025.
What was Rocket Lab USA capital expenditures in 2024?
Rocket Lab USA (RKLB) capital expenditures in 2024 was $67.09M.
What was Rocket Lab USA capital expenditures in 2025?
Rocket Lab USA (RKLB) capital expenditures in 2025 was $156.28M.
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