LONG BEACH, Calif., November 24, 2021 (Rocket Lab PR)–Rocket Lab USA, Inc. (Nasdaq: RKLB), a leading launch and space systems company, today announced that it will provide the first major update on the development of the Neutron launch vehicle on December 2, 2021 at 8:00 am EST. The virtual event will be streamed live via Rocket Lab’s YouTube channel, which can be accessed at that time at https://youtu.be/A0thW57QeDM.
Join Rocket Lab founder and CEO Peter Beck as he reveals new details about Neutron’s unique design, materials, propulsion, and reusability architecture for the first time.
Building on Rocket Lab’s proven experience developing the Electron launch vehicle, the second most frequently launched U.S. rocket annually since 2019, the advanced Neutron launch vehicle is designed to transform space access by delivering reliable and cost-effective launch services for satellite mega-constellations, deep space missions and human spaceflight. Where Electron provides dedicated access to orbit for small satellites of up to 300 kg (660 lb), Rocket Lab expects Neutron will further expand space access for satellite constellations and provide a dependable, high-flight-rate dedicated launch solution for larger commercial and government payloads, and that Neutron will incorporate the best innovation of the past to deliver a rocket for the future.
LONG BEACH, Calif., 23 November 2021 (Rocket Lab PR) – Rocket Lab (Nasdaq: RKLB), a leading launch and space systems company, has today confirmed it will attempt to catch a returning rocket booster mid-air with a helicopter during the company’s next recovery mission. The confirmation follows the successful demonstration of helicopter shadow operations for the first time during the company’s 22nd Electron launch last week in the company’s latest effort to make Electron the world’s first reusable, orbital-class commercial small rocket.
MAHIA, New Zealand. 18 November 2021 (Rocket Lab PR) – Rocket Lab (Nasdaq: RKLB), a leading launch and space systems company, has successfully deployed two satellites to orbit for real-time geospatial monitoring company BlackSky (NYSE: BKSY). Rocket Lab also successfully introduced helicopter operations to a recovery mission for the first time, using a helicopter to observe and track the Electron rocket’s first stage as it descended to Earth under parachute as part of the company’s program to make Electron the world’s first reusable, orbital-class commercial small rocket.
Revenue above high end of prior guidance range at $5.3 million
Backlog increased from $141 million at June 30, 2021 to $183 million as of September 30, 2021, and currently stands at $237 million as of November 15, 2021
Space Systems revenue in the third quarter 2021 grew 360% over the same quarterly period in 2020 to represent 27% of total revenue for the nine months ended September 30, 2021
Successfully completed the merger with Vector Acquisition Corporation resulting in ending cash balance at September 30, 2021 of $792.7 million
Q4 2021 Guidance
Revenue to range between $23 million to $25 million
GAAP and non-GAAP gross margins of 13 percent and 27 percent, respectively
GAAP and non-GAAP operating expenses between $24 million to $26 million, and $19 million to $21 million, respectively
GAAP Net Loss between $24 million and $26 million, and Adjusted EBITDA loss of $9 million to $11 million, which reflects adjustments for stock-based compensation, 3rd party fees associated with M&A activity, depreciation and amortization, FX gains and losses, interest expense, taxes and other recurring and non-recurring items
All of the above exclude any warrant expense impacts from the public and private warrants assumed from the Vector Acquisition Corporation merger that closed on August 25, 2021, and also excludes any impacts from the Advance Solutions Inc. acquisition and related purchase price accounting, and excludes any financial contributions and accounting impacts from the pending Planetary Systems Corporation acquisition announced today
LONG BEACH, Calif. (Rocket Lab PR) — Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced financial results for its fiscal third quarter ended September 30, 2021.
The mission is the latest in Rocket Lab’s program to make Electron the first reusable orbital launch vehicle dedicated to small satellites.
After splashing down in the ocean, Electron’s first stage will be recovered by ship and transported back to Rocket Lab’s production complex for analysis.
For the first time, a helicopter will track and observe Electron’s descent in preparation for future missions which aim to use helicopters to intercept and capture returning rocket boosters mid-air as they return to Earth under parachute.
Long Beach, California. 19 October 2021 (Rocket Lab PR) – Rocket Lab USA, Inc (“Rocket Lab” or the “Company”) (Nasdaq: RKLB) has today revealed it will attempt a controlled ocean splashdown and recovery of the first stage of an Electron rocket during the company’s next launch in November. The mission will be Rocket Lab’s third ocean recovery of an Electron stage; however, it will be the first time a helicopter will be stationed in the recovery zone around 200 nautical miles offshore to track and visually observe a descending stage in preparation for future aerial capture attempts. The helicopter will not attempt a mid-air capture for this mission but will test communications and tracking to refine the concept of operations (CONOPS) for future Electron aerial capture.
LONG BEACH, Calif. (Rocket Lab PR) — Rocket Lab USA, Inc. (“Rocket Lab” or the “Company”) (Nasdaq: RKLB), a leading launch provider and space systems company, has today announced it has scheduled two dedicated launches in November for Spaceflight Inc.’s customer, real-time geospatial and global monitoring company BlackSky (NYSE: BKSY).
The Rocket Lab-built and jointly operated Photon spacecraft will enable high-value products to be manufactured in space and returned to Earth
LONG BEACH, Calif., August 11, 2021 (Rocket Lab PR) – Leading launch and space systems company Rocket Lab today announced it has signed a deal with in-space manufacturing company Varda Space Industries to produce three Photon spacecraft that will integrate with their space factories, enabling high-value products to be manufactured in zero-gravity and returned to Earth in Varda’s re-entry capsule.
The Electron rocket will deploy an innovative satellite designed to test new deployable structures and materials technologies for solar sail propulsion systems, paving the way for sunlight to power future deep space exploration
LONG BEACH, Calif., October 6, 2021 (Rocket Lab PR) – Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced it has been selected to launch NASA’s Advanced Composite Solar Sail System, or ACS3, on the Electron launch vehicle.
Electron’s Kick Stage will enable an Astroscale satellite to rendezvous with a spent Japanese upper stage rocket body in low Earth orbit, demonstrating new debris removal technology for space sustainability
LONG BEACH, Calif., September 21, 2021 (Rocket Lab PR) — Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced it has signed a dedicated launch contract with Astroscale Japan Inc. (“Astroscale Japan”), a subsidiary of Astroscale Holdings Inc. (“Astroscale”), a market leader in satellite servicing and long-term orbital sustainability. Scheduled for lift-off from Rocket Lab Launch Complex 1 in 2023, the Electron rocket will launch the Active Debris Removal by Astroscale-Japan (ADRAS-J) satellite, which has been selected by the Japan Aerospace Exploration Agency (JAXA) for Phase I of its Commercial Removal of Debris Demonstration Project (CRD2), one of the world’s first technology demonstrations of removing large-scale debris from orbit.
The multi-launch contract will see Rocket Lab deploy 25 Internet-of-Things (IoT) satellites across five dedicated missions on the Electron launch vehicle
Long Beach, California. September 08, 2021 (Rocket Lab PR) – Rocket Lab USA, Inc (“Rocket Lab” or the “Company”) (Nasdaq: RKLB), a leading launch provider and space systems company, today announced it has been awarded a contract to deploy an entire satellite constellation across five dedicated Electron missions for Kinéis, a global Internet-of-Things (IoT) connectivity provider.
Scheduled for launch beginning in the second quarter of 2023, the constellation will enable Kinéis, a company backed by private and public investors including the French government’s space agency CNES (Centre National d’Études Spatiales) and CLS (Collecte Localisation Satellites) an international space-based solutions provider, to improve its global IoT connectivity. The multi-launch contract with Kinéis, which is subject to standard termination and launch rescheduling provisions, follows a similar bulk buy of launches earlier this year to deploy nine satellites across five dedicated Electron missions as part of a constellation for BlackSky, a provider of real-time geospatial intelligence and global monitoring services.
Revenue of $29.5M, representing 237% Year-on-Year revenue growth, accompanied by an expansion in gross margins from negative 67% to a positive 13%.
Increasing diversity in revenue, with Space Systems contributing 18% of total revenue in the period, compared to 3% in the prior year, accompanied with gross margins of 65%.
Backlog grew 136% Year-on-Year to $141.4 million as of June 30, 2021 as compared to backlog of $59.9 million as of June 30, 2020.
LONG BEACH, Calif., September 08, 2021 (Rocket Lab PR) — Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today reviewed financial results for the six months ended June 30, 2021, which were previously released in its 8-K filed with the U.S. Securities and Exchange Commission on August 31, 2021.
DENVER, Aug. 24, 2021 (Voyager Space PR) — Voyager Space (Voyager), a global leader in space exploration, today announced its subsidiary, Altius Space Machines, Inc.(Altius) was recently selected by Eta Space to provide a cryogenic coupler for liquid oxygen (LOX) transfer in support of its planned nine-month LOXSAT cryogenic fluid management mission.
Eta Space was selected by NASA to execute a flight demonstration of a complete cryogenic oxygen fluid management system. The system will fly as a dedicated payload on a Rocket Lab Electron launch vehicle and will collect critical cryogenic storage and transfer data in orbit for nine months. Eta Space will collaborate with NASA’s Marshall Space Flight Center in Huntsville, Alabama, NASA’s Glenn Research Center in Cleveland, and NASA’s Kennedy Space Center in Cape Canaveral, Florida.
Combined Company to be Renamed “Rocket Lab USA, Inc.”
Common Stock and Warrants to Commence Trading on Nasdaq as “RKLB” and “RKLBW”, on August 25, 2021
Gross proceeds to Rocket Lab of $777 million expected, combining funds held in Vector’s trust account and concurrent PIPE financing
LONG BEACH, Calif. (Vector Acquisition Corp. PR) — Vector Acquisition Corporation (Nasdaq: VACQ) (“Vector”), a publicly traded special purpose acquisition company backed by leading technology investor Vector Capital, today announced that Vector’s shareholders voted to approve its proposed merger with Rocket Lab USA, Inc. (“Rocket Lab” or the “Company”), a global leader in launch and space systems, at its annual general meeting of shareholders held on August 20, 2021. Vector also announced that holders of less than 3% of its Class A ordinary shares have properly exercised their right to redeem their shares in connection with the proposed merger. As a result, the gross amount of cash that that the combined company will receive from Vector’s trust account and concurrent PIPE financing upon the closing of these transactions, before transaction expenses, will equal approximately $777 million.
Launching on Electron in Q4 2021, the mission will deploy a range of pocket-sized satellites designed to demonstrate innovative radio and night-time Earth observation technologies
LONG BEACH, Calif., August 18, 2021 (Rocket Lab PR) – Rocket Lab, a leading launch provider and space systems company, today announced it has signed a rideshare agreement with Scottish / American PocketQube satellite manufacturer, Alba Orbital, to launch a cluster of small satellites designed to demonstrate innovative radio and night-time Earth observation technologies.
LONG BEACH, Calif., August 16, 2021 (Rocket Lab PR) – Rocket Lab, a leading launch provider and space systems company, has today announced it will launch a satellite to test space junk removal technologies for Aurora Propulsion Technologies, a Finnish company dedicated to the sustainable use of space.