An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Rocket Lab Prepares for First Launch from Virginia
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Negative)
Tags
Rhea-AI Summary
Rocket Lab USA (Nasdaq: RKLB) is set for its first Electron launch from U.S. soil on January 24, 2023. The mission, titled 'Virginia Is For Launch Lovers', will lift off from NASA's Wallops Flight Facility, targeting a launch window between 18:00-20:00 EST. This mission is the first of three planned for HawkEye 360, aiming to deploy three satellites that will enhance global radio frequency monitoring capabilities. Rocket Lab, having previously launched 152 satellites, continues to establish its presence in the competitive space launch market.
Positive
First launch from U.S. soil enhances Rocket Lab's operational capabilities.
Partnership with HawkEye 360 for three satellite deployments indicates strong demand for Rocket Lab's services.
Rocket Lab's Electron becomes the world's most frequently launched small orbital rocket.
Negative
Launch delays due to environmental factors could impact scheduled missions.
‘Virginia Is For Launch Lovers’ is scheduled to lift off tomorrow from Rocket Lab Launch Complex 2 within the NASA Wallops Flight Facilityon Wallops Island, Virginia
WALLOPS ISLAND, Va.--(BUSINESS WIRE)--
Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a leading launch and space systems company, is proceeding with a launch attempt tomorrow of the Company’s first Electron mission from U.S. soil.
Electron on the pad at Launch Complex 2 at NASA Wallops Flight Facility in Virginia in preparation for Rocket Lab's first launch from U.S. soil. Image Credit: Brady Kenniston
The ‘Virginia Is For Launch Lovers’ mission is scheduled to launch Tuesday January 24th, from Rocket Lab Launch Complex 2 at Virginia Space’s Mid-Atlantic Regional Spaceport within NASA’s Wallops Flight Facility – a U.S. launch pad for Electron missions that serves government and commercial satellite customers. The launch window for the mission extends from 18:00-20:00 EST / 23:00-01:00 UTC.
The mission is Rocket Lab’s 33rd Electron launch and will deploy three satellites for Virginia-based company HawkEye 360, a radio frequency geospatial analytics provider. This upcoming launch is the first of three missions for HawkEye 360 scheduled to be carried out by Rocket Lab in 2023 and 2024. The multi-launch contract to deliver 15 satellites to low Earth orbit will grow HawkEye 360’s constellation of radio frequency monitoring satellites to better provide geolocation of radio emissions anywhere in the world.
As the world’s most frequently launched small orbital rocket, Electron has already delivered 152 satellites to space across 32 missions launched from the company’s private launch site, Launch Complex 1, in New Zealand. Previous Electron missions have deployed satellites for NASA, the National Reconnaissance Office, DARPA, the U.S. Space Force and a range of commercial constellation operators.
‘Virginia Is For Launch Lovers’ mission details:
Launch scheduled for | Tuesday January 24, 2023 (back-up opportunities through early Feb.)
Launch window | 18:00-20:00 EST
Launch site | Launch Complex 2, Wallops Island, Virginia
Customer | HawkEye 360
Payloads | Three satellites
Orbit | 550km low Earth orbit
A live launch webcast will be available at www.rocketlabusa.com/live-stream from around T-40 minutes. Follow Rocket Lab on Twitter (@RocketLab) for real time mission updates.
+ 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, the Photon satellite platform 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 152 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 Photon spacecraft platform has 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 second launch site in Virginia. To learn more, visit www.rocketlabusa.com.
+ Forward Looking Statement
This press release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, contained in this release, including statements regarding our expectations of financial results for the first quarter of 2023, strategy, future operations, future financial position, projected costs, prospects, plans and objectives of management, are forward-looking statements. Words such as, but not limited to, “anticipate,” “aim,” “believe,” “contemplate,” “continue,” “could,” “design,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “suggest,” “strategy,” “target,” “will,” “would,” and similar expressions or phrases, or the negative of those expressions or phrases, are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are based on Rocket Lab’s current expectations and beliefs concerning future developments and their potential effects. These forward-looking statements involve a number of risks, uncertainties (many of which are beyond Rocket Lab’s control), or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Many factors could cause actual future events to differ materially from the forward-looking statements in this release, including risks related to the global COVID-19 pandemic; risks related to government restrictions and lock-downs in New Zealand and other countries in which we operate that could delay or suspend our operations; delays and disruptions in expansion efforts; our dependence on a limited number of customers; the harsh and unpredictable environment of space in which our products operate which could adversely affect our launch vehicle and spacecraft; increased congestion from the proliferation of low Earth orbit constellations which could materially increase the risk of potential collision with space debris or another spacecraft and limit or impair our launch flexibility and/or access to our own orbital slots; increased competition in our industry due in part to rapid technological development and decreasing costs; technological change in our industry which we may not be able to keep up with or which may render our services uncompetitive; average selling price trends; failure of our launch vehicles, spacecraft and components to operate as intended either due to our error in design in production or through no fault of our own; launch schedule disruptions; supply chain disruptions, product delays or failures; design and engineering flaws; launch failures; natural disasters and epidemics or pandemics; changes in governmental regulations including with respect to trade and export restrictions, or in the status of our regulatory approvals or applications; or other events that force us to cancel or reschedule launches, including customer contractual rescheduling and termination rights; risks that acquisitions may not be completed on the anticipated time frame or at all or do not achieve the anticipated benefits and results; and the other risks detailed from time to time in Rocket Lab’s filings with the Securities and Exchange Commission (the “SEC”), including under the heading “Risk Factors” in Rocket Lab’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, which was filed with the SEC on March 24, 2022, and elsewhere (including that the impact of the COVID-19 pandemic may also exacerbate the risks discussed therein). There can be no assurance that the future developments affecting Rocket Lab will be those that we have anticipated. Except as required by law, Rocket Lab is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
