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 shares surged 25% in after-hours trading after the Kiwi-American firm forecast record fourth-quarter revenue and said it had signed its first two customers for its much larger Neutron rocket — which it says is still on track for its first launch next year.

Shares of Rocket Lab USA Inc. are up 23.7% in premarket trades after the space-launch company highlighted strong demand for its Electron rocket during its third-quarter results Tuesday.