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Rocket Lab Adds New Mission to 2024 Launch Manifest, Schedules Launch in Coming Days

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Rocket Lab USA, Inc. (Nasdaq: RKLB) has announced a new addition to its 2024 launch manifest, scheduled to launch in just three days. The mission, named 'Changes In Latitudes, Changes In Attitudes', will be launched from Rocket Lab Launch Complex 1 for a confidential commercial customer. This mission represents Rocket Lab's fastest contract-to-launch turnaround ever, with less than two months from signed contract to launch date.

The company's rapid call-up launch capability, standardized Electron production, responsive launch sites, and experienced team have enabled this quick turnaround. This will be Rocket Lab's 12th launch of 2024, marking a record number of annual Electron launches since 2018. The company has achieved a 100% increase in its Electron launch rate for the first half of this year compared to 2023, doubling its rocket production and launch cadence within a year.

Rocket Lab USA, Inc. (Nasdaq: RKLB) ha annunciato una nuova aggiunta al suo manifesto di lanci del 2024, previsto per il lancio tra solo tre giorni. La missione, intitolata 'Cambiamenti di latitudine, cambiamenti di atteggiamenti', verrà lanciata dal Rocket Lab Launch Complex 1 per un cliente commerciale riservato. Questa missione rappresenta il turnaround contrattuale al lancio più veloce di Rocket Lab, con meno di due mesi dal contratto firmato alla data di lancio.

La rapida capacità di lancio su chiamata dell'azienda, la produzione standardizzata degli Electron, i siti di lancio reattivi e il team esperto hanno reso possibile questo rapido turnaround. Questo sarà il 12° lancio di Rocket Lab nel 2024, segnando un numero record di lanci annuali di Electron dal 2018. L'azienda ha raggiunto un aumento del 100% del tasso di lanci di Electron per la prima metà di quest'anno rispetto al 2023, raddoppiando la produzione di razzi e la cadenza di lanci in un anno.

Rocket Lab USA, Inc. (Nasdaq: RKLB) ha anunciado una nueva adición a su manifiesto de lanzamientos de 2024, programada para lanzarse en solo tres días. La misión, llamada 'Cambios en latitudes, cambios en actitudes', será lanzada desde el Rocket Lab Launch Complex 1 para un cliente comercial confidencial. Esta misión representa la vuelta más rápida de contrato a lanzamiento de Rocket Lab, con menos de dos meses desde la firma del contrato hasta la fecha de lanzamiento.

La rápida capacidad de lanzamiento por llamado de la empresa, la producción estandarizada de Electron, los sitios de lanzamiento receptivos y el equipo experimentado han permitido este rápido retorno. Este será el 12º lanzamiento de Rocket Lab en 2024, marcando un número récord de lanzamientos anuales de Electron desde 2018. La empresa ha logrado un aumento del 100% en su tasa de lanzamientos de Electron para la primera mitad de este año en comparación con 2023, duplicando su producción de cohetes y su cadencia de lanzamientos en un año.

로켓랩 USA, Inc. (Nasdaq: RKLB)는 2024년 발사 계획에 새로운 추가 소식을 전하며, 단 3일 후에 발사가 예정되어 있습니다. '위도와 태도의 변화(Changes In Latitudes, Changes In Attitudes)'라는 이름의 이 미션은 비밀스러운 상업 고객을 위해 로켓랩 발사 복합체 1에서 발사될 예정입니다. 이 미션은 로켓랩이 지금까지 기록한 가장 빠른 계약에서 발사까지의 전환을 나타내며, 계약 서명부터 발사일까지 두 달이 채 안됩니다.

회사의 빠른 호출 발사 능력, 표준화된 일렉트론 생산, 반응성이 뛰어난 발사 장소, 그리고 경력 있는 팀이 이러한 신속한 전환을 가능하게 했습니다. 이번 미션은 로켓랩의 2024년 12번째 발사가 될 것이며, 2018년 이후 연간 일렉트론 발사의 기록을 수립하는 것입니다. 회사는 2023년과 비교하여 올해 상반기에 일렉트론 발사율이 100% 증가하였으며, 1년 만에 로켓 생산 및 발사 빈도를 두 배로 늘렸습니다.

Rocket Lab USA, Inc. (Nasdaq: RKLB) a annoncé un nouvel ajout à son manifeste de lancement 2024, prévu dans seulement trois jours. La mission, intitulée 'Changements de latitudes, changements d'attitudes', sera lancée depuis le Rocket Lab Launch Complex 1 pour un client commercial confidentiel. Cette mission représente le délai de contrat à lancement le plus rapide jamais réalisé par Rocket Lab, avec moins de deux mois entre la signature du contrat et la date de lancement.

La capacité de lancement rapide de l'entreprise, la production standardisée des Electron, les sites de lancement réactifs et l'équipe expérimentée ont permis ce retour rapide. Ce sera le 12ème lancement de Rocket Lab en 2024, marquant un nombre record de lancements annuels d'Electron depuis 2018. L'entreprise a réalisé une augmentation de 100 % de son taux de lancement d'Electron pour la première moitié de cette année par rapport à 2023, doublant sa production de fusées et son rythme de lancement en un an.

Rocket Lab USA, Inc. (Nasdaq: RKLB) hat eine neue Ergänzung zu seinem Startmanifest für 2024 angekündigt, das in nur drei Tagen starten soll. Die Mission mit dem Titel 'Änderungen der Breiten, Änderungen der Einstellungen' wird von der Rocket Lab Startkomplex 1 für einen vertraulichen kommerziellen Kunden gestartet. Diese Mission stellt den schnellsten Übergang von Vertrag zu Start von Rocket Lab dar, mit weniger als zwei Monaten vom unterzeichneten Vertrag bis zum Startdatum.

Die schnelle Startfähigkeit des Unternehmens, die standardisierte Electron-Produktion, die reaktionsschnellen Startplätze und das erfahrene Team haben diese zügige Wendung ermöglicht. Dies wird der 12. Start von Rocket Lab im Jahr 2024 sein, was die höchste Anzahl an jährlichen Electron-Starts seit 2018 markiert. Das Unternehmen hat eine 100%ige Steigerung seiner Electron-Startquote für die erste Hälfte dieses Jahres im Vergleich zu 2023 erreicht und hat innerhalb eines Jahres die Raketenproduktion und -startfrequenz verdoppelt.

Positive
  • Fastest contract-to-launch turnaround ever achieved by Rocket Lab (less than two months)
  • 12th launch of 2024, setting a new record for annual Electron launches
  • 100% increase in Electron launch rate for the first half of 2024 compared to 2023
  • Doubled rocket production and launch cadence within a year
Negative
  • None.

Insights

This rapid turnaround from contract to launch in less than two months showcases Rocket Lab's exceptional operational agility. The ability to execute such a quick mission highlights their streamlined production capabilities and responsive launch infrastructure. This flexibility is a significant competitive advantage in the commercial launch market, particularly for time-sensitive payloads.

The increased launch cadence, doubling from last year, demonstrates Rocket Lab's scaling capabilities and growing market demand. Achieving 12 launches in 2024 so far indicates strong operational efficiency and reliability. This consistent performance is likely to attract more customers, potentially leading to a virtuous cycle of increased revenue and further operational improvements.

However, investors should note that while increased launch frequency is positive, profit margins and the specific financial impact of this rapid turnaround capability aren't disclosed. The confidential nature of the customer also limits insight into the potential for similar future contracts.

Rocket Lab's ability to offer such rapid, dedicated launches addresses a important market need for flexibility in orbital payload deployment. This capability differentiates them from competitors focused on larger payloads or fixed rideshare schedules, potentially capturing a valuable niche in the small satellite market.

The company's vertical integration, from manufacturing to launch services, enables this responsiveness and could lead to improved margins as operations scale. The 100% increase in launch rate year-over-year suggests strong market traction and operational execution, which are positive indicators for future growth.

Investors should consider how this positions Rocket Lab in the evolving space economy, particularly as demand for responsive, dedicated small satellite launches grows. However, it's important to monitor how sustainable this accelerated pace is and whether it translates to improved financial performance in upcoming quarters.

The introduction of this latest mission to Electron’s 2024 launch manifest, less than two months since the launch contract was signed, represents Rocket Lab’s fastest contract-to-launch turnaround ever.

LONG BEACH, Calif.--(BUSINESS WIRE)-- Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced it has added a last-minute Electron launch to its launch manifest for a commercial mission that is scheduled to launch in just three days’ time.

The mission, called ‘Changes In Latitudes, Changes In Attitudes’, will launch to space from Rocket Lab Launch Complex 1 during a launch window that opens October 19th for a confidential commercial customer. The expedited mission will be Rocket Lab’s fastest turnaround to date: from signed contract to launch date in less than two months.

Rocket Lab’s rapid call-up launch capability, its standardized and rapid production of Electron launch vehicles that ensures a rocket can be assigned a payload for on-demand launch within days, responsive launch sites, and its experienced team behind the second most frequently launched U.S. orbital rocket, are key enablers for this mission.

The mission will be Rocket Lab’s 12th launch of 2024, increasing the Company’s record number of Electron launches achieved annually since orbital launch services began in 2018. Rocket Lab has achieved a 100% increase in its Electron launch rate for the first half of this year compared with the same time in 2023, doubling its rocket production and launch cadence within a year. This increased launch and production rate bolsters Electron’s significance as a proven, sought-after capability for commercial satellite customers globally.

Rocket Lab Founder and CEO, Sir Peter Beck says: “Electron delivers what other rockets and rideshare programs can’t: a dedicated and responsive launch service that is tailored to each customer’s specific needs, allowing them to launch to precisely where they want and when they want on incredibly short notice. This quick turnaround from contract to launch is not only a showcase of Electron’s capability, but also of the relentless and fast-paced execution by the experienced team behind it that continues to deliver trusted and reliable access to space for our customers.”

The launch will broadcast live at www.rocketlabusa.com/live-stream. For launch updates, follow Rocket Lab across its social media profiles.

+ 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, a family of flight proven spacecraft, and the Company is developing the large Neutron launch vehicle for constellation deployment. 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 190+ 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 family of spacecraft have 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 pad in Virginia. To learn more, visit www.rocketlabusa.com.

+ Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our launch and space systems operations, launch schedule and window, safe and repeatable access to space, Neutron development, operational expansion and business strategy, are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “strategy,” “future,” “could,” “would,” “project,” “plan,” “target,” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at www.rocketlabusa.com, which could cause our actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

+ Rocket Lab Media Contact

Murielle Baker

media@rocketlabusa.com

Source: Rocket Lab USA, Inc.

FAQ

When is Rocket Lab's 'Changes In Latitudes, Changes In Attitudes' mission scheduled to launch?

The mission is scheduled to launch in just three days, with the launch window opening on October 19th from Rocket Lab Launch Complex 1.

How many launches has Rocket Lab (RKLB) completed in 2024 so far?

Rocket Lab has completed 11 launches in 2024 so far, with this upcoming mission being their 12th launch of the year.

What is the significance of Rocket Lab's (RKLB) increased launch rate in 2024?

Rocket Lab has achieved a 100% increase in its Electron launch rate for the first half of 2024 compared to 2023, demonstrating significant growth in their launch capabilities and production capacity.

How quickly can Rocket Lab (RKLB) prepare for a launch after signing a contract?

This mission represents Rocket Lab's fastest turnaround, with less than two months from signed contract to launch date, showcasing their rapid call-up launch capability.

Rocket Lab USA, Inc.

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