Rocket Lab USA, Inc. - RKLB STOCK NEWS

Rocket Lab USA (RKLB) has successfully acquired Planetary Systems Corporation (PSC) for $42 million in cash and 1,720,841 shares of common stock, with a potential for additional shares based on PSC's future performance. PSC, known for its reliable separation systems used in over 100 missions including those for NASA and SpaceX, will enhance Rocket Lab's vertically-integrated Space Systems division. This acquisition aims to streamline satellite launch processes and expand Rocket Lab's service offerings in the space industry.

Rocket Lab has announced the launch window for its upcoming mission, A Data With Destiny, which opens on December 7, 2021. This mission will deploy two satellites for BlackSky as part of its expanding geospatial intelligence constellation. The launch marks Rocket Lab’s 23rd Electron mission and the sixth of 2021, with a quick turnaround of 19 days from its last launch. Rocket Lab's expansion and successful launches position it as a key player in the satellite deployment sector, aiming to reach a total of 12 satellites for BlackSky by year-end.

Rocket Lab USA, Inc. (RKLB) will present the first major update on its Neutron launch vehicle on December 2, 2021, at 8:00 am EST via a live stream. The Neutron rocket aims to enhance space access for satellite constellations and interplanetary missions. Building on the success of the Electron rocket, which has executed numerous launches since 2018, Neutron is expected to support larger payloads and higher launch rates. CEO Peter Beck will discuss the rocket's innovative design and technology during the event.

Rocket Lab (RKLB) confirmed plans to attempt mid-air recovery of a returning rocket booster with a helicopter during its next recovery mission. This follows the successful simulation of helicopter operations during their 22nd Electron launch. The mission on 18 November, 2021 saw controlled splashdown and retrieval of Electron’s first stage, halving recovery time to 80 minutes. Future missions will include enhancements like auxiliary fuel tanks for extended flights and thermal protection for the booster. Rocket Lab aims to lead in reusable orbital-class rockets, improving access to space.

Rocket Lab USA, Inc. (Nasdaq: RKLB) has signed an exclusive license agreement with the Johns Hopkins University Applied Physics Laboratory to commercialize the Frontier-S software defined radio (SDR). This technology enables affordable communications and navigation for deep space and planetary missions. The Frontier-S SDR is compatible with small satellites and offers high reliability for demanding missions. Rocket Lab plans to integrate this technology into upcoming missions, including NASA's CAPSTONE mission to the moon and its private mission to Venus, enhancing its competitiveness in the space sector.

Rocket Lab (RKLB) successfully deployed two BlackSky (BKSY) satellites into orbit during the 'Love At First Insight' mission on November 18, 2021. This marked the Electron rocket's 22nd launch from New Zealand's Mahia Peninsula, bringing Rocket Lab's total satellite deployments to 107. The mission also demonstrated new helicopter operations for tracking the rocket's first stage during its recovery. This achievement advances Rocket Lab's goal of making Electron the first reusable small rocket, enhancing its competitive edge in the satellite launch market.

Rocket Lab USA (RKLB) announced strong Q3 2021 results with revenue of $5.3 million, exceeding prior guidance. Backlog increased from $141 million in June to $237 million by mid-November. Space Systems revenue surged by 360% year-over-year, representing 27% of total revenue year-to-date. The merger with Vector Acquisition Corp resulted in a cash balance of $792.7 million as of September 30, 2021. Q4 2021 guidance anticipates revenue between $23 million and $25 million, with a net loss between $24 million and $26 million.

Rocket Lab USA (NASDAQ: RKLB) has signed a definitive agreement to acquire Planetary Systems Corporation for $42 million and 1,720,841 shares of its common stock. PSC specializes in spacecraft separation systems and has a history of 100% mission success across over 100 missions. The acquisition, expected to close in Q4 2021, enhances Rocket Lab’s space systems division, enabling the integration of PSC's proven hardware into its launch offerings. Rocket Lab aims to leverage PSC's capabilities to expand its market presence and create synergies in service delivery.

Rocket Lab USA, Inc. (NASDAQ: RKLB) announced the appointment of Andrew Bunker as Vice President of Government Operations and Business Strategy, effective November 8, 2021. Bunker will lead the company’s strategy for federal, state, and local government relations. His experience includes over a decade in legislative affairs, notably at United Launch Alliance. The appointment coincides with Rocket Lab's acquisition of Advanced Solutions Inc and efforts to establish a new production facility and launch site for its Neutron rocket, enhancing the company's strategic footprint.