Rocket Lab Launch Update

Rhea-AI Summary

Rocket Lab USA, Inc. (Nasdaq: RKLB) has announced a change in its upcoming Electron launch schedule. The next mission, originally planned for Capella Space, will be postponed at the partner's request to allow for additional testing. Rocket Lab will instead proceed with a mission for Synspective in the coming weeks.

This adjustment showcases the flexibility of Electron's dedicated launch service, allowing customers to modify their launch timing without risking their satellites being left behind, as often occurs with traditional rideshare missions. The company emphasizes its ability to adapt quickly to customer needs, highlighting the market demand for small, dedicated launches.

Positive

• Demonstrates flexibility in launch scheduling, adapting to customer needs
• Highlights market demand for dedicated small launch services
• Showcases ability to quickly pivot to next mission in manifest

Negative

• Postponement of planned launch for Capella Space

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 that Rocket Lab’s next Electron launch will move to a later date at the request of mission partner Capella Space so that they can complete additional testing for their mission.

With rockets at the ready, we’ll be moving to our next mission in the manifest with Synspective, now flying next on Electron within the next few weeks.

This is Electron’s tailored launch service at its best, demonstrating the value and market demand for dedicated small launch. Flying dedicated means customers have flexibility over their launch schedule so that their satellites aren’t left behind if they miss a launch deadline, like on traditional rideshare missions.

+ 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240718971669/en/

+ Rocket Lab Media Contact

Murielle Baker

media@rocketlabusa.com

Source: Rocket Lab USA, Inc.

FAQ

When is Rocket Lab's next Electron launch scheduled?

Rocket Lab's next Electron launch is now scheduled within the next few weeks, carrying a payload for Synspective.

Why was the original Rocket Lab launch for Capella Space postponed?

The launch for Capella Space was postponed at their request to allow for additional testing of their mission.

How does Rocket Lab's dedicated launch service benefit customers?

Rocket Lab's dedicated launch service offers customers flexibility in their launch schedule, ensuring their satellites aren't left behind if they miss a launch deadline, unlike traditional rideshare missions.

What is Rocket Lab's stock symbol?

Rocket Lab's stock symbol is RKLB, traded on the Nasdaq.