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Rocket Lab USA, Inc. (RKLB) is pioneering the way in opening access to space to enhance life on Earth. As an orbital launch provider, Rocket Lab delivers rapid and reliable access to orbit for small satellites. The company’s core business involves the design, manufacture, and deployment of the Electron rocket—the world's first fully carbon composite orbital launch vehicle, powered by 3D printed, electric pump-fed engines.
Headquartered in Huntington Beach, California, Rocket Lab also operates a launch complex in Mahia, New Zealand, which is the world’s only private orbital launch range. This facility, Rocket Lab Launch Complex 1, is licensed to launch every 72 hours, allowing Rocket Lab to maintain an unprecedented launch cadence.
Since January 21, 2018, when Rocket Lab successfully reached orbit with the Electron vehicle and deployed its first commercial payloads, the company has made significant strides in eliminating barriers to commercial space access. This milestone marked the beginning of a new era of space exploration and accessibility.
Rocket Lab is engaged in two main segments: Launch Services and Space Systems. The Electron and Neutron launch vehicles, along with the Photon satellite platform, are key products enabling a wide range of operations including national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications.
The company's end-to-end mission services cater to civil, defense, and commercial markets worldwide, including major revenue contributions from the United States. Geographically, Rocket Lab serves clients in Japan, Germany, and other international markets.
Recent developments and partnerships continue to bolster Rocket Lab’s market position. With a focus on innovation and reliability, Rocket Lab is continually expanding the frontiers of space exploration.
Rocket Lab USA, Inc. (NASDAQ: RKLB) announced the establishment of a new subsidiary, Rocket Lab Australia, aimed at enhancing Australia’s national space capabilities. The Australian Government targets a tripling of the space sector from AUD$4 billion in 2016 to AUD$12 billion by 2030, supported by over AUD$2 billion in funding since 2018. This initiative aligns with Australia’s efforts to support the Five Eyes intelligence alliance, expanding Rocket Lab's operational footprint to most member nations. CEO Peter Beck emphasized the company’s role in supporting Australian satellite missions and national security payloads.
Rocket Lab is set to launch two dedicated Electron missions in March, utilizing its sites in Virginia and New Zealand. The first mission will deploy two SAR satellites for Capella Space, enhancing their imaging capabilities. Concurrently, the second mission will deliver two Earth-imaging satellites for BlackSky, expanding their geospatial intelligence services. Both launches demonstrate Rocket Lab's efficient launch turnaround and responsiveness to market demands. The missions are being conducted under established agreements, with a total of nine BlackSky satellites launched by Rocket Lab to date. These developments underscore Rocket Lab's competitive standing in the small satellite market.
Rocket Lab USA reported impressive financial results for Q4 2022 with revenue of $51.8 million, marking an 88% year-over-year increase. The full-year revenue reached $211 million, a growth of 239%. The company achieved a record of nine launches in 2022, maintaining a 100% mission success rate for Electron launches. Key developments included the successful CAPSTONE mission for NASA and the progression of the Neutron rocket's development with hardware production and construction underway. For Q1 2023, Rocket Lab expects revenue between $51 million and $54 million, with projected GAAP gross margins between -5% to -3%.
Rocket Lab USA, Inc. (RKLB) has appointed Colin Canfield as its new Investor Relations Manager, enhancing its communications with the investment community. Canfield, formerly a renowned U.S. Government Services and Space Analyst at Barclays, brings extensive experience from his roles at Citi and in asset management. His strategic appointment coincides with Rocket Lab's growth phase, including increasing launch cadence for its Electron vehicle and developing the larger Neutron launch vehicle. Canfield aims to strengthen investor relations during this pivotal time, as Rocket Lab positions itself for profitability in the competitive space technology market.
Rocket Lab USA has launched two innovative space systems: Frontier-X software defined radio and a new 12Nms reaction wheel. These products enhance the company's offerings to the small satellite market, addressing critical gaps in the supply chain. The Frontier-X radio is designed for deep space missions, boasting advanced capabilities, while the 12Nms reaction wheel supports constellations and is built for reliability. Both products are now available for order, showcasing Rocket Lab's commitment to expanding its space systems component range.
Rocket Lab USA, Inc. (Nasdaq: RKLB) will participate in multiple conferences in February and March 2023. Events include the 44th Annual Aerospace/Defense & Industrials Conference on February 16 in Arlington, VA, the Citi's Global Industrial Tech and Mobility Conference on February 22 in Miami Beach, FL, and the Barclays Industrial Select Conference on February 23 in Miami, FL. The company will also attend the 35th Annual Roth Conference on March 13-14 in Laguna Niguel, CA. CFO Adam Spice will represent Rocket Lab at these events, which aim to showcase its achievements in reliable launch services and spacecraft development.
HawkEye 360 announced the successful launch of its Cluster 6 satellites aboard the inaugural Rocket Lab Electron flight from Wallops Island, Virginia. The satellites, pivotal for enhancing RF data collection, are part of a contract involving three flights with Rocket Lab. With the launch, HawkEye 360's constellation now consists of 18 satellites, enabling data collection as frequent as once per hour over global mid-latitude regions. This development bolsters the company's capabilities in RF analytics, offering timely data insights critical for various sectors.
Rocket Lab USA (NASDAQ: RKLB) successfully launched its 33rd Electron mission, marking its first launch from U.S. soil on January 24, 2023, at 18:00 EST from Wallops Island, Virginia. The mission, called 'Virginia is for Launch Lovers,' deployed three satellites for HawkEye 360 into a 550km orbit, enhancing their radio frequency geospatial analytics capabilities. This launch signifies a significant milestone, establishing a responsive launch capability and supporting up to 12 missions annually from the new Virginia Launch Complex. Rocket Lab aims to deliver 15 satellites for HawkEye 360 across 2023 and 2024, supporting its expansion and vertical integration strategy.
Rocket Lab USA (Nasdaq: RKLB) is set for its first Electron launch from U.S. soil on
Rocket Lab USA, Inc. has announced it will release its fourth quarter 2022 financial results after U.S. markets close on February 28, 2023. Following the announcement, a conference call will take place at 1:30 p.m. PT (4:30 p.m. ET). Investors can access a live webcast on the company's Investor Relations website. Founded in 2006 and headquartered in Long Beach, California, Rocket Lab specializes in launch services and space systems, aiming to make access to space faster and more affordable. The company’s Electron rocket is a key player in U.S. rocket launches, having successfully delivered 152 satellites to orbit since 2018.
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