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.
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 United States reclaimed the top spot in launches from China last year as NASA astronauts flew into orbit from American soil for the first time in nearly nine years, SpaceX deployed the world’s first satellite mega-constellation with reused rockets, and two new launchers debuted with less than stellar results.
American companies conducted 44 launches in 2020, with 40 successes and four failures. Bryce Tech reports that U.S. companies accounted for 32 of the 41 commercial launches conducted last year. The majority of those flights were conducted by SpaceX, which launched 25 orbital missions.
China came in second with a record of 35 successful launches and four failures. The 39 launch attempts tied that nation’s previous record for flights during a calendar year.
Let’s take a closer look at what U.S. companies achieved last year.
The CAPSTONE mission will see Rocket Lab extend its reach far beyond Earth orbit for the first time to deploy an in-house designed and built Photon spacecraft to the Moon.
Long Beach, Calif. (Rocket Lab PR) – Rocket Lab has reached a key milestone ahead of the company’s first launch to the Moon, with spacecraft qualification underway for the Photon spacecraft that will transport a NASA satellite into a unique lunar orbit that no other spacecraft has explored before.
WASHINGTON (NASA PR) — The following selections, organized by topic area, are based on NASA’s fifth competitive Tipping Point solicitation and have an expected combined award value of more than $370 million. NASA’s Space Technology Mission Directorate (STMD) will negotiate with the companies to issue milestone-based firm-fixed price contracts lasting for up to five years.
LONG BEACH, Calif., September 1, 2020 (Rocket Lab PR) – Rocket Lab, a space systems company and global leader in dedicated small satellite launch, has been granted a five-year Launch Operator License by the Federal Aviation Administration (FAA) for Electron missions from Rocket Lab Launch Complex 2.
LONG BEACH, Calif., September 3, 2020 (Rocket Lab PR) — Space systems company Rocket Lab has launched its first in-house designed and built operational satellite, cementing the company’s evolution from a launch provider to an end-to-end space solutions company that offers turnkey satellites and spacecraft components, launch, and on-orbit operations.