The order for the Photon spacecraft, designed and manufactured by Rocket Lab, follows a previous bulk-order by Varda for three Photons to enable manufacture of high-value products in space and return to Earth
LONG BEACH, Calif. (Rocket Lab PR) — Rocket Lab (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a leading launch and space systems company, and Varda Space Industries (“Varda”), the world’s first In-space manufacturing and hypersonic Earth re-entry logistics company, today announced that Varda will procure a fourth Photon spacecraft. The deal follows on a previous bulk-order by Varda in August 2021 for three Photon spacecraft from Rocket Lab.
WESTMINSTER, Colo. — It will have equilibrium. Poise. Balance. This pathfinding CubeSat will practically be able to kick back and rest in a gravitational sweet spot in space – where the pull of gravity from Earth and the Moon interact to allow for a nearly-stable orbit – allowing physics to do most of the work of keeping it in orbit around the Moon.
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.
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 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.
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.
The ESCAPADE mission – led by the University of California Berkeley Space Sciences Laboratory to study Mars’ magnetosphere – with two Rocket Lab Photon spacecraft has received NASA approval to move toward launch.
LONG BEACH, Calif., 23 August, 2021 (Rocket Lab PR) — Rocket Lab, a global leader in dedicated launch and space systems, today announced it will begin final mission design and commence manufacturing two interplanetary Photon spacecraft for a science mission to Mars, delivering Decadal-class science at a fraction of the cost of typical planetary missions.
The Escape and Plasma Acceleration and Dynamics Explorers (ESCAPADE) mission will orbit two Rocket Lab-built Photon spacecraft around Mars to understand the structure, composition, variability, and dynamics of Mars’ unique hybrid magnetosphere. The mission will also support crewed exploration programs like Artemis through improved solar storm prediction.
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 its Annual Meeting of the Company’s shareholders (“Annual Meeting”) to consider the previously announced business combination (“Business Combination”) with Rocket Lab USA, Inc. (“Rocket Lab”), a global leader in launch and space systems, has been set for August 20, 2021. Shareholders of record as of the close of business on June 30, 2021 (“Record Date”) are eligible to vote at the Annual Meeting.
LONG BEACH, Calif.. June 15, 2021 (Rocket Lab PR) — Rocket Lab, a global leader in dedicated launch and space systems, has been awarded a contract to design two Photon spacecraft for a scientific mission to Mars.
The Escape and Plasma Acceleration and Dynamics Explorers (ESCAPADE) mission, led by Rob Lillis at the University of California, Berkeley Space Sciences Laboratory, is a twin-spacecraft science mission that will orbit two spacecraft around Mars to understand the structure, composition, variability, and dynamics of Mars’ unique hybrid magnetosphere. The mission will leverage its unique dual viewpoint on the Mars environment to explore how the solar wind strips atmosphere away from Mars to better understand how its climate has changed over time.
MOFFETT FIELD, Calif. (NASA PR) — In 2021, NASA’s Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment, or CAPSTONE, CubeSat will launch to a never-before-used cislunar orbit near the Moon.
Mission Name: They Go Up So Fast Launch Vehicle: Electron Launch Window: No Earlier than 23 March NZT/22 March UTC Launch Time: No earlier than 11:20 am NZT/22:20 UTC/6:20 p.m. EDT Launch Site: Mahia Peninsula, New Zealand
Rocket Lab’s 19th Electron mission will deploy a range of satellites for commercial and government satellite operators, as well as place a next-generation Rocket Lab Photon spacecraft in orbit to build spacecraft heritage ahead of Rocket Lab’s mission to the Moon for NASA later this year.