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Rocket Lab to Launch Three Dedicated Electron Missions for Earth Imaging Company Synspective
Rhea-AI Impact
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Rhea-AI Sentiment
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Rhea-AI Summary
Rocket Lab has signed a deal with Synspective for three dedicated Electron launches to deploy StriX satellites. The first two missions are set for 2022, with a third in 2023. These satellites will enhance Synspective's synthetic aperture radar (SAR) constellation, allowing imagery collection regardless of weather. Following their initial launch in December 2020, the new missions will enable targeted launch parameters exclusive to Synspective, facilitating urban planning and disaster response. Rocket Lab aims to provide tailored launch services to support Synspective's business growth.
Positive
Contract for three dedicated Electron launches with Synspective enhances future revenue potential.
First two missions scheduled for 2022, enabling timely execution of agreements.
Control over launch schedule gives Synspective flexibility for satellite deployment.
Negative
None.
The missions follow on from the launch of Synspective’s first satellite, StriX-α, by Rocket Lab in 2020
LONG BEACH, Calif.--(BUSINESS WIRE)--
Rocket Lab USA, Inc. (“Rocket Lab” or the “Company”) (Nasdaq: RKLB), a leading launch provider and space systems company, has today announced it has signed a deal with Japanese Earth imaging company Synspective to carry out three dedicated Electron launches.
Rocket Lab Electron Launch Vehicle (Photo: Business Wire)
The first two missions are scheduled for lift-off from Rocket Lab Launch Complex 1 in 2022, with a third to follow in 2023. Each mission will deploy a single StriX satellite, growing Synspective’s synthetic aperture radar (SAR) constellation developed to deliver imagery that can detect millimetre-level changes to the Earth’s surface from space, independent of weather conditions on Earth and at any time of the day or night.
These new missions follow on from Rocket Lab’s first launch for Synspective in December 2020. The mission, named ‘The Owl’s Night Begins’, saw Rocket Lab’s Electron launch vehicle deploy the StriX-α satellite – the first spacecraft in Synspective’s planned constellation of more than 30 SAR satellites designed to collate data of metropolitan centers on a daily basis to support urban development planning, construction and infrastructure monitoring, and disaster response. During ‘The Owl’s Night Begins’ mission Rocket Lab performed an advanced mid-mission maneuver with its Kick Stage to shield the StriX satellite from the sun to reduce radiation exposure ahead of payload deployment. The Kick Stage will once again perform the maneuver for the new upcoming missions. Flying as a dedicated mission means the StriX satellites will be the only payload on board Electron, giving Synspective control over launch schedule and enabling specific LTANs1 not achievable when flying as one of many satellites on large rideshare missions.
Rocket Lab founder and Chief Executive, Peter Beck, says: “We’re honored the Synspective team has once again chosen Electron to grow their StriX constellation. We recognize the importance of dedicated orbits and custom mission parameters for constellations, and we’re delighted to deliver a tailored launch and integration service to the Synspective team once again.”
Synspective founder and CEO, Dr. Motoyuki Arai, says: "It is a great honor to collaborate with Rocket Lab, which is evolving from a rocket venture pioneer to an experienced launch service provider with the successful Strix-α deployment to orbit. We are very grateful for their flexibility in accepting our requests on the satellite’s orbit and launch period. Synspective has already begun operating its first satellite and providing solution services, and is now entering a phase of business expansion. StriX-β, the second satellite following StriX-α, will demonstrate Interferometric SAR (InSAR) technology in orbit and deepen satellite-operation know-how, which are strengths in our business expansion. We will accomplish this mission and steadily achieve results to enhance global efficiency and resilience.”
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, spacecraft components, satellites and other spacecraft 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 and the Photon satellite platform and is developing the Neutron 8-ton payload class launch vehicle. 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 107 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, one of which is currently operational, and a second launch site in Virginia, USA which is expected to become operational in early 2022. To learn more, visit www.rocketlabusa.com.
About Synspective:
Synspective’s mission is to create a learning world where people can expand their capabilities and make tangible progress with new data and technologies. Synspective provides one-stop-solutions using geospatial data from its own SAR satellites to create a progressive world based on real data. Synspective is building a constellation of its own small SAR satellites to provide data and analytic information to governments and commercial outfits. For more information, visit: https://synspective.com/
Forward-Looking Statements
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 and Exchange Act of 1934, as amended. These forward-looking statements, including without limitation expectations regarding the timing of scheduled launches, 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 press release, including risks related to the global COVID-19 pandemic, including 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 satellites 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, and the other risks detailed from time to time in Rocket Lab’s filings with the Securities and Exchange Commission under the heading “Risk Factors” 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.
What did Rocket Lab announce regarding Synspective on December 7, 2021?
Rocket Lab announced a deal with Synspective to perform three dedicated Electron launches for their StriX satellites, with missions planned for 2022 and 2023.
How many StriX satellites will Rocket Lab launch for Synspective?
Rocket Lab will launch three StriX satellites for Synspective as part of the new contract.
When are the scheduled launches for the Synspective satellites?
The first two launches are scheduled for 2022 and the third for 2023.
What is the significance of the StriX satellites for Synspective?
The StriX satellites will enhance Synspective's synthetic aperture radar constellation, improving earth imagery collection for urban planning and other applications.
