Varda Space Industries Orders Fourth Photon Spacecraft from Rocket Lab to Enable In-Space Manufacturing

Photon system (Credit: Rocket Lab)

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.

(more…)

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

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.

(more…)

Hyperspace Challenge Accelerator Announces 24 Finalists to Participate in 2021 Cohort

Finalists Will Present Technologies That Can Solve Problems in Space to Compete for $100k in Cash Prizes at the Fourth Annual Hyperspace Summit on December 2

ALBUQUERQUE, NM, October 5, 2021 (Hyperspace Challenge PR) – Hyperspace Challenge, a business accelerator run by the Air Force Research Laboratory and CNM Ingenuity as part of the new SpaceWERX for the U.S. Space Force, announced today it has selected 13 startups and 11 university teams to participate in its 2021 cohort. Finalists comprising the cohort represent 13 states, as well as one company from Ottawa, Canada.

The new cohort is tasked with the development of technology that can be applied to or solve problems in the space domain. This is the first year the program will include a formal university accelerator track which aims to increase collaboration opportunities between the federal government and university research teams, traditionally siloed from commercial and government innovation.

(more…)

Rocket Lab Provides First Half 2021 Financial Results

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

(more…)

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

Photon CAPSTONE spacecraft (Credit: Rocket Lab)

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.

(more…)

Varda Space Raises $9 Million Seed Round for Space Manufacturing

Varda Space Industries has raised $9 million in a seed round to advance its goal of manufacturing products in space.

Varda said that Founders Fund and Lux Capital were the co-leads on the round. Other participants in the round included Also Capital, Fifty Years, Raymond Tonsing, Justin Mateen, and Naval.

Founders Fund partner Trae Stephens and Lux Capital managing partner Josh Wolfe joined the Varda Space board of directions as part of the raise.

(more…)