Tag: Rocket Lab

Rocket Lab Confirms Helicopter Capture Attempt For Next Recovery Mission

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Electron launches from New Zealand on Nov. 18, 2021. (Credit: Rocket Lab)

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.

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Rocket Lab Signs Exclusive License Agreement to Manufacture Space Radio Technology from Johns Hopkins University Applied Physics Laboratory

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LONG BEACH, Calif., November 18, 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 entered into an exclusive license agreement with the Johns Hopkins University Applied Physics Laboratory (APL) to commercialize near and deep space capable small spacecraft telemetry and control radio technology. The Frontier-S by Rocket Lab software defined radio (SDR) enables affordable communications and radio navigation for planetary and other missions beyond low Earth orbit (LEO), as well as communications and radio navigation for missions in GPS-denied environments.

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Rocket Lab Launches 107th Satellite To Orbit, Successfully Tests Helicopter Recovery Operations

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Electron launches from New Zealand on Nov. 18, 2021. (Credit: Rocket Lab)

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.

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Fleet Space Technologies Raises $26.4 Million in Series B Round to Fund IoT Nanosat Development

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Internet of Things satellite (Credit: Fleet Space Technologies)
  • Fleet Space Technologies attracts $26.4m (USD) investment valuing company at $126m (USD)
  • Series B Round oversubscribed
  • Investment confirms confidence in Fleet Space advanced satellite technology 
  • Tech drives radical Internet of Things (IoT) efficiencies 
  • Investment is firm commitment to Australia’s rapidly emerging space industry  
  • Investment creates 70 new jobs, including many desirable STEM positions 

ADELAIDE, Australia (Fleet Space Technologies PR) — Fleet Space Technologies announces that it has secured $26.4m (USD) in investment, valuing the company at $126 million (USD). This represents a major step forward for Fleet Space Technologies, which is committed to creating the world’s most advanced low-power satellite network, securing planet-wide coverage for millions of compatible Internet of Things (IoT) devices by using its in-house Nanosatellite technology. This funding will underpin significant expansion in Fleet Space’s manufacturing footprint and will expand the company’s highly skilled workforce. 

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Rocket Lab to Acquire Space Hardware Company Planetary Systems Corporation

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The Acquisition Bolsters Rocket Lab’s Space Systems Business and End-to-End Space Solutions Offering across Launch, Spacecraft, and Space Hardware and Manufacture

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 it has signed a definitive agreement to acquire Planetary Systems Corporation (PSC), a Maryland-based spacecraft separation systems company, for $42 million in cash and 1,720,841 shares of the Company’s common stock, plus the potential for an additional 956,023 shares of common stock for a performance earnout based on PSC’s CY 2022 and 2023 financial results. The acquisition is expected to close in the fourth quarter of 2021.

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Rocket Lab Announces Third Quarter 2021 Financial Results, Issues Guidance for Fourth Quarter

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Electron launches with OHB satellite. (Credit: Rocket Lab webcast)

Q3 2021 Financial Results Highlights

  • 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.

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Astroscale and New Zealand to Cooperate on Space Safety and Sustainability

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TOKYO (Astroscale PR) — Astroscale Holdings Inc. (“Astroscale”), the market leader in satellite servicing and long-term orbital sustainability across all orbits, today announced it has signed a Memorandum of Understanding with New Zealand’s Ministry of Business Innovation & Employment (“MBIE”) to cooperate on areas of space safety and sustainability, including debris mitigation and remediation, and on-orbit servicing in general.

The collaboration is focused on partnership in projects and activities that support long-term space sustainability, including joint technology development and research. To initiate these efforts, Astroscale and MBIE have identified an initial project in collaboration with Rocket Lab and Te Pūnaha Ātea–Auckland Space Institute, which will define the engineering requirements, policy challenges and associated costs for multi-active debris removal missions with clients that require direct re-entry due to survivability of components. The project will assess the mitigation strategy for up to three large debris objects with a single servicer in low Earth orbit and will aim to further demonstrate the viability of commercial debris removal while advancing the state of orbital sustainability.

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Rocket Lab Appoints Andrew Bunker as Vice President of Government Operations and Business Strategy

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Andrew Bunker, Vice President of Government Operations and Business Strategy (Credit: Rocket Lab)

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 the appointment of Andrew Bunker to the role of Vice President of Government Operations and Business Strategy, effective November 8, 2021.

Mr. Bunker will be primarily responsible for the development and execution of company’s federal, state, and local government strategy. Mr. Bunker will also play a leading role in strengthening Rocket Lab’s engagement with industry associations. The appointment comes as Rocket Lab expands its end-to-end ecosystem footprint with the acquisition of flight software company Advanced Solutions Inc in Colorado, and also narrows down potential locations for a new production facility and launch site for the reusable, medium-lift Neutron rocket.

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Rocket Lab to Recover Electron Rocket, Introduce Helicopter Operations During Next Launch

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A crew recovers the first stage of an Electron rocket from the ocean. (Credit: Rocket Lab)
  • 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.

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Rocket Lab Acquires Advanced Solutions Inc.

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LONG BEACH, Calif., October 12, 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 completed the acquisition of Advanced Solutions, Inc. (ASI), a Colorado-based aerospace engineering firm delivering mission proven space software, mission simulation and test systems, and Guidance, Navigation, and Control (GNC) solutions, for $40 million plus the potential for an additional $5.5 million performance earnout based on CY 2021 results.

ASI’s industry-leading advances in flight software, mission simulation, and GNC significantly strengthen Rocket Lab’s Space Systems portfolio, which encompasses the Photon spacecraft line and a growing suite of spacecraft hardware solutions, including those brought to the portfolio through the acquisition of Sinclair Interplanetary in April 2020.

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Rocket Lab Launch Operations Underway For Two BlackSky Missions in November

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Electron launches with OHB satellite. (Credit: Rocket Lab webcast)

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).

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Rocket Lab Inks Deal with Varda Space Industries to Supply Multiple Photon Spacecraft for Space Manufacturing Missions

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Photon CAPSTONE spacecraft (Credit: Rocket Lab)

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.

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Rocket Lab Selected to Launch NASA’s Advanced Composite Solar Sail System

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Advanced Composite Solar Sail System on NanoAvionics’ 12U CubeSat. (Credit: NanoAvionics)

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.

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Space System Command’s Launch Enterprise Awards Four Prototype Agreements

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LOS ANGELES AIR FORCE BASE, Calif. (SSC PR) — Space Systems Command (SSC) is partnering with industry on prototype projects to invest in next-generation rocket engine testing and upper stage resiliency enhancements.

SSC’s Launch Enterprise today awarded FY21 prototype projects for Raptor Rapid Throttling and Restart Testing; Liquid Methane Specification Development and Testing; and Combustion Stability Analysis and Testing to SpaceX for $14.47 million, for Uplink Command and Control for Centaur V to United Launch Alliance for $24.35 million, for Upper Stage Development for Neutron to Rocket Lab for $24.35 million, and for Cryogenic Fluid Management for Glenn Stage 2 to Blue Origin for $24.35 million, under the National Security Space Launch program using the Space Development Corps’ Space Enterprise Consortium (SpEC).

Prototype projects for orbital transfer and maneuver are anticipated for award in early FY22, pending congressional approval of the FY22 budget request;

Rocket Lab Wins Contract to Launch Orbital Debris Removal Demonstration Mission for Astroscale

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Rendering of Astroscale’s ADRAS-J satellite, to be launched by Rocket Lab’s Electron launch vehicle. (Credit: Astroscale)

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.

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