Rocket Lab reported a $26.7 million first quarter loss on revenues of $40.7 million, with space systems such as satellites producing the majority of revenues rather than the launches for which the company is best known. Adjusted EBITDA loss for the quarter was $7.98 million.
Rocket Lab earned $34.1 million in revenues from space systems. That amount represented 84% of first quarter revenues, an increase of 1,873 percent from the first quarter of 2021.
LONG BEACH, Calif., May 2, 2022 (Rocket Lab PR) — Rocket Lab (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a leading launch and space systems company, has successfully launched its 26th Electron mission, deploying 34 satellites to orbit. Rocket Lab has now deployed a total of 146 satellites to orbit with the Electron launch vehicle.
LONG BEACH, Calif. (Rocket Lab PR) — Rocket Lab (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a leading launch and space systems company, today announced it has been selected by Virginia-based HawkEye 360 to launch three Electron missions for the radio frequency geospatial analytics provider. The first of the three missions is scheduled to be Rocket Lab’s inaugural Electron mission from Launch Complex 2 on Wallops Island, Virginia, ushering in an era of Rocket Lab launches from U.S. soil from no earlier than December 2022.
The complex will be home to production, assembly, and integration of Rocket Lab’s Neutron launch vehicle and is expected to bring up to 250 highly-skilled jobs to the region.
WALLOPS ISLAND, Va.–(BUSINESS WIRE)– Rocket Lab USA, Inc (Nasdaq: RKLB) (“Rocket Lab”), a leading launch and space systems company, today broke ground on the construction of a state-of-the-art rocket production complex where the Company’s Neutron launch vehicle will be manufactured.
For the first time, Rocket Lab will attempt a mid-air helicopter capture of an Electron rocket as it returns to Earth from space, furthering the company’s program to make Electron the first reusable orbital small launch vehicle
LONG BEACH, Calif. (Rocket Lab PR) — Rocket Lab USA, Inc (Nasdaq: RKLB) (“Rocket Lab”), a leading launch and space systems company, has announced today that during its next Electron launch, a commercial rideshare mission currently scheduled in April 2022, the company will attempt a mid-air helicopter capture of the Electron launch vehicle for the first time.
The former Aerojet Rocketdyne executive joins Rocket Lab with nearly two decades of aerospace experience and will lead all legal, governance, ethics, and compliance matters
LONG BEACH, Calif. (Rocket Lab PR) — Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a leading launch and space systems company, announced today that Arjun Kampani will join the Company as Senior Vice President, General Counsel and Corporate Secretary, effective April 11, 2022. Kampani will lead Rocket Lab’s legal and regulatory affairs, guiding the Company on all legal, governance, ethics, and compliance matters.
Mr Kampani brings to Rocket Lab over two decades of experience advising and leading public and private businesses, including more than 18 years of experience in the aerospace industry. Mr Kampani joins Rocket Lab from his most recent role at Aerojet Rocketdyne, where he served as Senior Vice President, General Counsel and Secretary managing and advising on a broad range of issues including all aspects of corporate law, corporate governance, securities law, litigation, mergers and acquisitions, international transactions, and legal, ethics, and compliance issues.
Prior to Aerojet Rocketdyne, Mr Kampani spent 10 years at General Dynamics Corporation where he was its top mergers and acquisitions lawyer, completing 30+ acquisitions and divestitures, before going on to serve as Vice President, General Counsel & Secretary for General Dynamics Land Systems, a $4 billion international business. Mr Kampani began his career in New York at an AM Law 100 firm, and his educational background includes a Juris Doctor from Case Western Reserve University School of Law and a Bachelor of Arts from the University of Michigan. He is also a member of the New York State Bar and California Bar.
Mr Kampani’s appointment comes as Rocket Lab expands as an end-to-end space company across launch and space systems, delivering innovative technology and services across the entire space economy for satellite operators. Rocket Lab’s recent series of strategic acquisitions strengthens the Company’s position as a leading mission partner across launch, satellite design and volume manufacture, and on-orbit operations, with Mr Kampani to play a key role in executive management across all legal functions of the expanded business.
Rocket Lab founder and CEO, Peter Beck, says: “I’m thrilled to welcome Arjun to the team. His extensive aerospace experience and deep legal and management expertise will be foundational to our fast-paced growth as we scale Electron’s launch cadence, aggressively develop Neutron, and delve deeper into space systems and satellite manufacture to support ambitious space missions.”
LONG BEACH, Calif. (Rocket Lab PR) — Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab”), a leading launch and space systems company, has today announced the launch window for its next Electron mission, a dedicated mission for BlackSky (NYSE: BKSY) through global launch services provider Spaceflight Inc., begins April 1, 2022 UTC. This launch window opening in April rather than March is weather related and will result in this mission and its related revenue being recognized in Rocket Lab’s fiscal Q2 2022, versus in fiscal Q1 2022 as was previously anticipated at the time Rocket Lab provided Q1 2022 financial guidance in conjunction with its Q4 2021 preliminary earnings release on February 28, 2022. As a result, Rocket Lab is updating its expected Q1 2022 revenue outlook from the range of $42 million to $47 million previously provided on February 28, 2022, to approximately $40 million.
STUART, Fla., and TOULOUSE, France, March 21, 2022 (E-Space PR) – E-Space today announced it will launch its first demonstration satellites in the second quarter of 2022 to validate the systems and technology for its sustainable satellite system. The announcement marks an unprecedented timeline for taking a new space innovation from idea to reality as E-Space moves to swiftly build the most sustainable, secure and cost-effective satellite network in history.
Three demonstration satellites, designed and built in-house by E-Space, will launch aboard Rocket Lab’s Electron rocket from Launch Complex 1 on New Zealand’s Māhia Peninsula.
Developed by SolAero Technologies Inc., a space solar power company recently acquired by Rocket Lab, the IMM-β solar cells are the highest efficiency commercial space solar cell
LONG BEACH, Calif., (Rocket Lab PR) — Rocket Lab USA, Inc. (“Rocket Lab” or the “Company”) (Nasdaq: RKLB), a global leader in launch services, space systems and space solar power products, announced today that its next-generation solar cell technology is transitioning into qualification. The cell is the next product from SolAero’s patented Inverted MetaMorphic (IMM) solar cell technology, dubbed IMM-β, that is expected to exhibit a conversion efficiency of ~33.3% in volume production. IMM-β is the 4th generation IMM product created by SolAero Technologies Inc. (SolAero), a space solar power company acquired by Rocket Lab in January 2022.
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.
MAHIA, New Zealand, March 1, 2022 (Rocket Lab PR) – Rocket Lab USA, Inc (Nasdaq: RKLB), a leading launch and space systems company, has successfully deployed a second Synthetic Aperture Radar (SAR) satellite to orbit for data and solutions provider Synspective, bringing the total number of satellites deployed by Rocket Lab to 110. ‘The Owl’s Night Continues” mission is Rocket Lab’s 24th Electron launch.
Construction to Begin on Neutron Manufacturing, Operations, and Launch Facilities in Accomack County, Bringing As Many As 250 New Jobs to Eastern Shore
Long Beach, Calif., February 28, 2022 (Rocket Lab PR) – Rocket Lab USA, Inc (Nasdaq: RKLB) (Rocket Lab), a leading launch and space systems company, today revealed it has selected Wallops Island, Virginia, as the location for its first launch site and extensive manufacturing and operations facilities, for its 8-ton payload class reusable Neutron rocket.
The $143 million contract is the largest spacecraft bus order placed with Rocket Lab to date, encompassing the design and manufacture of 17 state-of-the-art spacecraft for Globalstar’s newest satellites
LONG BEACH, Calif., February 24, 2022 (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 that it has been awarded a subcontract by MDA Ltd (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, to lead the design and manufacture of 17 spacecraft buses for Globalstar’s new Low Earth Orbit satellites. Globalstar, Inc. (NYSE American: GSAT) is a leading provider of Mobile Satellite Services including customizable satellite IoT solutions for individuals and businesses globally.
The mission is the first of three upcoming dedicated Electron launches for Synspective and demonstrates Rocket Lab’s flexible and responsive launch capability
LONG BEACH, Calif. (Rocket Lab PR) — Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a globa leader in launch services and space systems, today announced the launch window for a dedicated Electron mission for Japanese Earth imaging company Synspective. The 14-day launch window opens February 28th UTC and will lift-off from Rocket Lab’s Launch Complex 1 in New Zealand. Originally slated to launch after Rocket Lab’s next mission for another customer, Rocket Lab has brought the Synspective mission forward in the manifest to accommodate shifts in customer timelines.