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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 (Nasdaq: RKLB) has entered into a Cooperative Research and Development Agreement with the United States Transportation Command (USTRANSCOM) to explore using its Electron and Neutron launch vehicles for global cargo transport. This partnership aims to enhance the U.S. Air Force’s Rocket Cargo program, providing faster logistics solutions compared to traditional air freight. The agreement also investigates using Photon spacecraft for on-orbit cargo storage. The advancements aim to revolutionize military logistics through rapid space transportation capabilities.
Rocket Lab has achieved a milestone by successfully test firing a reused Rutherford first stage engine, marking a significant step towards making its Electron launch vehicle the world's first reusable orbital small rocket. The engine, which was launched and recovered through a mid-air capture, performed to the same standards as a new engine, producing full thrust of 21kNs. This success supports Rocket Lab’s goal of minimal refurbishment for reflight. The company is preparing for another recovery mission, slated before the year's end.
Rocket Lab USA, Inc. (Nasdaq: RKLB) has announced its 30th Electron launch, scheduled for mid-September, 2022. This mission will deliver Synspective's first commercial satellite, StriX-1, marking Rocket Lab's 150th payload delivered to orbit. The launch will originate from Rocket Lab Launch Complex 1 in New Zealand and will also see the deployment of the 300th Rutherford engine. The StriX-1 satellite will enhance Synspective's Earth-imaging capabilities with SAR technology, enabling continuous monitoring regardless of weather or time.
Rocket Lab reported record revenue of $55.5 million for Q2 2022, marking a 36% sequential growth and 392% year-on-year increase. The company expects Q3 revenue to be between $60 million and $63 million, with launch services revenue of around $23 million and space systems revenue between $37 million and $40 million. Rocket Lab successfully launched three missions in Q2, including NASA's CAPSTONE mission, and completed its first mid-air capture of the Electron booster. The company continues to expand its space systems sector, which accounted for 66% of its revenue in Q2.
Rocket Lab has successfully launched the NROL-199 mission, marking its third launch in over five weeks. Launched on August 4, 2022, this mission for the National Reconnaissance Office follows the NROL-162 mission, demonstrating the company's rapid launch capabilities. Rocket Lab's approach features two launch pads supporting up to 120 annual launches. The NROL launches are part of a contract enabling efficient deployment of small satellites, reinforcing Rocket Lab's position in national security and commercial space sectors.
Rocket Lab USA, Inc. (NASDAQ: RKLB) announced an investor day set for September 21, 2022, at the Intrepid Sea, Air & Space Museum in New York. The event will feature presentations by CEO Peter Beck, CFO Adam Spice, and other leadership team members, highlighting the Company's progress since its de-SPAC in August 2021, the development of the Neutron launch vehicle, and future growth opportunities. Attendance is by invitation only, and a live webcast will be available on the Investor Relations website.
Rocket Lab USA, Inc. (Nasdaq: RKLB) announced that CEO Peter Beck will present at the BofA Securities 2022 SMID Cap Ideas Conference on August 10, 2022, at 12 pm ET. A replay of the presentation will be accessible through Rocket Lab's investor relations website. Founded in 2006, Rocket Lab specializes in launch services and space systems, with a successful track record, including 148 satellites deployed. The company operates Electron and Photon launch vehicles and is developing the Neutron vehicle.
Rocket Lab USA, Inc. (Nasdaq: RKLB) has announced the rescheduling of its NROL-199 mission for the National Reconnaissance Office (NRO) to August 2, 2022, at 05:00 UTC. This mission will launch from Rocket Lab Launch Complex 1, Pad B, and is part of a collaborative effort with the Australian Department of Defence. Initially set for July 22, the launch was delayed to implement payload software updates. Rocket Lab's flexibility allows for quick rescheduling, demonstrating its responsive capabilities in national security launches.
Rocket Lab USA (NASDAQ: RKLB) has announced its solar cell assemblies will power three Lockheed Martin satellites under the U.S. Space Force's Next Generation Overhead Persistent Infrared (Next Gen OPIR) program. This initiative is aimed at enhancing global missile warning capabilities against emerging threats. The satellites recently completed a critical design review, with the first launch expected in 2025. Rocket Lab's partnership with Lockheed Martin continues to be significant, and the company highlights its commitment to supporting national security.
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