Key Points Rocket Lab's shares blasted to a record high after the company topped first-quarter revenue estimates and announced its largest launch deal ever. 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 company said it's buying space robotics company Motiv Space Systems. In this article Rocket Lab 's stock blasted 34%, notching its best day ever, after the space company topped first-quarter revenue estimates and announced its largest launch deal on record. The Long Beach, California-based company reported $136.7 million in revenue for its space systems business and $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 company 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. Read more CNBC tech news