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BlackSky Signs New Block Buy for Five Rocket Lab Launches
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Rhea-AI Summary
Rocket Lab (Nasdaq: RKLB) Signs Block Buy Deal for Five Electron Launches with BlackSky (NYSE: BSKY), Expanding Partnership and Commercial Satellite Constellation Operations. The press release highlights Rocket Lab's continued collaboration with BlackSky, contracting a total of eleven Electron launches and solidifying its position as the primary launch provider for BlackSky. The deal is expected to begin in 2024 from Rocket Lab’s Launch Complex 1 in Mahia, New Zealand, further enhancing BlackSky's next-generation Gen-3 satellites capabilities, offering up to 35-centimeter resolution images for real-time geospatial intelligence and global monitoring services.
Positive
Rocket Lab solidifies its position as the primary launch provider for BlackSky, showcasing a strong and continued partnership.
The addition of five new launches to the manifest further expands Rocket Lab's commercial satellite constellation operations, demonstrating sustained growth and demand for its services.
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BlackSky purchases another five Electron launches, bringing the total number of Rocket Lab missions contracted by the commercial satellite constellation operator to eleven
LONG BEACH, Calif.--(BUSINESS WIRE)--
Rocket Lab USA, Inc (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a leading launch and space systems company, has today announced it has signed another block buy deal for five Electron launches with BlackSky (NYSE: BSKY), a leading provider of real-time geospatial intelligence and global monitoring services.
A Rocket Lab Electron rocket lift-off for BlackSky (Photo: Business Wire)
Rocket Lab has launched six Electron missions for BlackSky since 2019, becoming the primary launch provider for BlackSky’s constellation. With these five new launches added to the manifest, BlackSky has contracted more Electron launches than any other single commercial customer. The launches are expected to begin in 2024 from Rocket Lab’s Launch Complex 1 in Mahia, New Zealand.
“After four years of launching for BlackSky, we’re delighted to continue our partnership with more dedicated launches on Electron,” said Rocket Lab founder and CEO Peter Beck. “Building and maintaining a constellation requires precision deployment to unique orbits and a dependable launch schedule. We’re proud to deliver this dependable and tailored capability launch after launch, year after year.”
BlackSky’s next-generation Gen-3 satellites are designed to produce images with up to 35-centimeter resolution. Increased resolution and enhanced spectral diversity extend BlackSky’s ability to provide real-time insights to its customers in a broad set of conditions, including nighttime, low light and challenging weather.
The new BlackSky launches join a busy Electron manifest in 2024 featuring missions for commercial constellation operators Capella Space, Kinéis, Hawkeye 360, and Synspective, as well as a variety of government missions.
+ About Rocket Lab
Founded in 2006, Rocket Lab is an end-to-end space company with an established track record of mission success. We deliver reliable launch services, satellite manufacture, spacecraft components, and on-orbit management solutions that make it faster, easier and more affordable to access space. Headquartered in Long Beach, California, Rocket Lab designs and manufactures the Electron small orbital launch vehicle and the Photon satellite platform and is developing the Neutron 13-ton payload class launch vehicle. Since its first orbital launch in January 2018, Rocket Lab’s Electron launch vehicle has become the second most frequently launched U.S. rocket annually and has delivered 170 satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. Rocket Lab’s Photon spacecraft platform has been selected to support NASA missions to the Moon and Mars, as well as the first private commercial mission to Venus. Rocket Lab has three launch pads at two launch sites, including two launch pads at a private orbital launch site located in New Zealand and a third launch site in Virginia, USA. To learn more, visit www.rocketlabusa.com.
+ FORWARD LOOKING STATEMENTS
This press release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Rocket Lab’s current expectations and beliefs concerning future developments and their potential effects. These forward-looking statements involve a number of risks, uncertainties (many of which are beyond Rocket Lab’s control), or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including risks related to the global COVID-19 pandemic; risks related to government restrictions and lock-downs in New Zealand and other countries in which we operate that could delay or suspend our operations; delays and disruptions in expansion efforts; our dependence on a limited number of customers; the harsh and unpredictable environment of space in which our products operate which could adversely affect our launch vehicle and spacecraft; increased congestion from the proliferation of low Earth orbit constellations which could materially increase the risk of potential collision with space debris or another spacecraft and limit or impair our launch flexibility and/or access to our own orbital slots; increased competition in our industry due in part to rapid technological development and decreasing costs; technological change in our industry which we may not be able to keep up with or which may render our services uncompetitive; average selling price trends; failure of our launch vehicles, spacecraft and components to operate as intended either due to our error in design in production or through no fault of our own; launch schedule disruptions; supply chain disruptions, product delays or failures; design and engineering flaws; launch failures; natural disasters and epidemics or pandemics; changes in governmental regulations including with respect to trade and export restrictions, or in the status of our regulatory approvals or applications; or other events that force us to cancel or reschedule launches, including customer contractual rescheduling and termination rights; risks that acquisitions may not be completed on the anticipated time frame or at all or do not achieve the anticipated benefits and results; and the other risks detailed from time to time in Rocket Lab’s filings with the Securities and Exchange Commission (the “SEC”), including under the heading “Risk Factors” in Rocket Lab’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, which was filed with the SEC on February 28, 2023, and elsewhere (including that the impact of the COVID-19 pandemic may also exacerbate the risks discussed therein). There can be no assurance that the future developments affecting Rocket Lab will be those that we have anticipated. Except as required by law, Rocket Lab is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
What is the deal announced by Rocket Lab with BlackSky?
Rocket Lab has signed a block buy deal for five Electron launches with BlackSky, expanding their partnership and solidifying Rocket Lab's position as the primary launch provider for BlackSky.
Where will the launches take place?
The launches are expected to begin in 2024 from Rocket Lab’s Launch Complex 1 in Mahia, New Zealand.
What are the capabilities of BlackSky’s next-generation Gen-3 satellites?
The satellites are designed to produce images with up to 35-centimeter resolution, enhancing BlackSky’s ability to provide real-time insights to its customers across various conditions.
Who else is featured in the busy Electron manifest in 2024?
The manifest includes missions for commercial constellation operators Capella Space, Kinéis, Hawkeye 360, and Synspective, as well as various government missions.
