NASA’s New Solar Sail System to be Tested On-Board NanoAvionics Satellite Bus

COLUMBIA, Ill. (NanoAvionics PR) — NanoAvionics has been selected to build a 12U nanosatellite bus for an in-orbit demonstration of NASA’s Advanced Composite Solar Sail System (ACS3). This a result of a contract between NASA Ames Research Center and AST for a 12U bus to carry NASA’s payload into low Earth orbit (LEO) including an approximately 800 square foot (74 square meter) composite boom and solar sail system.  

The aim of the ACS3 mission is to replace conventional rocket propellants by developing and testing solar sails using sunlight beams to thrust the nanosatellite. These solar sail propulsion systems are designed for future small interplanetary spacecrafts destined for low-cost deep-space and science missions requiring long-duration, low-thrust propulsion.  

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Rocket Lab Announces Fourth Quarter and Full Year 2021 Financial Results, Issues Guidance for the First Quarter 2022

  • $2.8 million net income for fourth quarter
  • $117.75 million net loss for the year
  • $27.5 million in revenues for fourth quarter
  • $62.2 million in revenues for the year

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 fourth quarter and full year ended December 31, 2021.

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Rocket Lab Selected to Provide Venture Class Launch Services for NASA

Electron launches from New Zealand on Dec. 9, 2021. (Credit: Rocket Lab)

Rocket Lab among companies selected to provide launch services for the agency’s Venture-Class Acquisition of Dedicated and Rideshare (VADR) missions, providing new opportunities for science and technology payloads and fostering a growing U.S. commercial launch market.

Long Beach, California. January 27, 2022 (Rockety Lab PR) – Rocket Lab USA, Inc. (“Rocket Lab” or the “Company”) (Nasdaq: RKLB), a leading launch provider and space systems company, has today announced that it has been selected by NASA as one of twelve companies to provide launch services for the agency’s Venture-Class Acquisition of Dedicated and Rideshare (VADR) missions, providing new opportunities for science and technology payloads and fostering a growing U.S. commercial launch market. VADR is a five-year program with a maximum total budget of $300 million in launch contracts.

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

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

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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NASA’s New Solar Sail System to be Tested On-Board NanoAvionics Satellite Bus

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

COLUMBIA, Ill. (NanoAvionics PR) — NanoAvionics has been selected to build a 12U  nanosatellite bus for an in-orbit demonstration of  NASA’s Advanced Composite Solar Sail System (ACS3). This a result of a contract between NASA Ames Research Center and AST for a 12U bus to carry NASA’s  payload into low Earth orbit (LEO) including an approximately 800 square foot (74 square meter) composite boom and solar sail system.  

(more…)