Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today launched its first Electron mission for 2024, a space-junk focused mission for Spire Global, Inc (“Spire”) and NorthStar Earth & Space (“NorthStar”).
The ‘Four Of A Kind’ mission for Spire’s customer NorthStar successfully launched from Rocket Lab Launch Complex 1 in New Zealand at 19:34 NZDT / 06:34 UTC. Rocket Lab’s Electron rocket deployed four Space Situational Awareness (SSA) satellites to a 530km circular Earth orbit where the satellites, built and operated by Spire, will monitor near-Earth objects from space to provide timely and precise information for space object detection, tracking, orbit determination, collision avoidance, navigation, and proximity alerts. The mission was Rocket Lab’s 43rd Electron launch overall, bringing the Company’s record of successfully deployed satellites to 176. The mission was the first of a busy launch year for Rocket Lab, with the Company scheduled to launch more in 2024 than any previous year since the Company began missions in 2017.
The mission also resulted in the successful return of the rocket’s first stage after launch as part of Rocket Lab’s plan to evolve Electron into a reusable rocket. After launch and stage separation, Electron’s booster made its way back to Earth under a parachute and splashed down in the Pacific Ocean at approximately 17 minutes post lift-off. Rocket Lab’s recovery operations are currently underway to retrieve the stage and bring it back to the Company’s production complex for a post-launch review and analysis before proceeding to one of the program’s final tasks: reusing a previously-launched first stage on a future mission.
Rocket Lab founder and CEO, Peter Beck, says: “The success of today’s mission to deliver Spire & NorthStar to orbit, and the completion of our secondary mission to return Electron to Earth after launch, has been a fantastic start of what is set to be Rocket Lab’s busiest year ever. We have more missions booked in 2024 than we’ve ever scheduled before, and it is a real privilege to continue to deliver small launch reliability for our satellite customers on advanced missions like these and for all the missions to come in 2024.”
‘Four Of A Kind’ is Rocket Lab’s first Electron launch in a sold-out 2024 mission manifest that includes multiple upcoming launches for NASA; hypersonic technology tests on suborbital HASTE missions from Rocket Lab Launch Complex 2 in Virginia; the beginning or continuation of block launches for satellite operators BlackSky, Synspective, and Kineis; and several other launches for commercial and defense sector mission partners.
+ 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 176 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 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 operation, launch schedule and window, safe and repeatable access to space, Neutron development, operational expansion, business strategy, and expectations relating to our financial condition, results of operations, plans, objectives and future performance 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, 2022, 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.
