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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 announces plans to launch NASA's TROPICS satellites across two dedicated Electron missions from Launch Complex 1 in New Zealand in May 2023. These missions are critical for monitoring tropical cyclones, providing vital data for understanding storm dynamics and improving prediction models.
The first launch, titled 'Rocket Like a Hurricane,' is scheduled for May 1 NZST (April 30 EDT), followed by 'Coming to a Storm Near You' around May 16 NZST (May 15 EDT). The satellites will be deployed into a specific orbit with an altitude of 550 kilometers.
Rocket Lab was selected for these missions under NASA's Venture-class Acquisition of Dedicated and Rideshare launch services contract, showcasing the company's capabilities in supporting essential climate science initiatives.
Rocket Lab has successfully completed its 35th Electron rocket launch, deploying two Gen-2 satellites for BlackSky on March 24, 2023. This mission, named 'The Beat Goes On,' highlights the company's rapid turnaround capabilities, achieving a record seven-day interval between launches from New Zealand and Virginia. Additionally, the first stage of the Electron rocket was successfully splashed down in the ocean, marking progress towards its reusability goal. Rocket Lab plans to exceed nine launches this year, aiming for a total of 15 missions, including contracts with NASA and IoT connectivity providers.
Rocket Lab announces its 8th mission for BlackSky, launching two Gen-2 Earth-imaging satellites on March 22, 2023, from New Zealand. This mission, named “The Beat Goes On,” follows a successful launch just six days prior and marks Rocket Lab's contribution of 9 satellites to BlackSky since 2019. The mission aims to expand BlackSky's satellite constellation to 16, enhancing its real-time geospatial intelligence services. Additionally, Rocket Lab plans to recover the Electron rocket’s first stage post-launch, aiding in their recovery and reuse program.
Rocket Lab USA, Inc. (Nasdaq: RKLB) has successfully launched its 34th Electron rocket, marking its second mission from Wallops Island, Virginia. The 'Stronger Together' mission, conducted on March 16, 2023, deployed two 100-kg class satellites for Capella Space. CEO Peter Beck highlighted the accelerated launch pace, with simultaneous preparations in New Zealand for upcoming missions. The newly constructed Launch Complex 2 enhances Rocket Lab's capabilities, aiming for up to 130 launches yearly. Upcoming missions include launches for Spaceflight Inc. and NASA's TROPICS constellation, further demonstrating Rocket Lab's expanding role in the space industry.
Rocket Lab has announced its upcoming Electron launch, named “Stronger Together”, scheduled for March 11, 2023. This mission will deploy two 100-kg class Earth observation satellites for Capella Space, enhancing their SAR constellation. The launch will take place at Rocket Lab Launch Complex 2 on Wallops Island, Virginia. This marks Rocket Lab's second launch from this location, following a successful inaugural mission in January 2023.
The mission is part of a multi-launch deal with Capella Space, securing five launches this year. The launch window opens at 18:00 EST, with public viewing options available.
Rocket Lab has secured a multi-launch deal with Capella Space to conduct four dedicated Electron missions starting in late 2023. These missions will deploy Acadia satellites into low Earth orbit, enhancing Capella's capacity to meet growing demand for Synthetic Aperture Radar (SAR) imagery. The announcement follows a successful launch for Capella in 2020. With planned launches from New Zealand and Virginia, Rocket Lab's flexible launch solutions will ensure timely deployment of Capella's advanced satellite technology, which offers 24/7 imaging capabilities. This agreement signifies a strengthening partnership aimed at optimizing SAR data delivery for global customers.
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.
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