Rocket Lab Successfully Deploys Satellite for Synspective, Caps Off Year with 60% Increase in Launches YoY
December 21 2024 - 10:26AM
Business Wire
The mission was Rocket Lab’s 16th launch for
the year and sixth launch to date for Japanese Earth-observation
company Synspective
Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the
Company”), a global leader in launch services and space systems,
today announced it successfully completed the Company’s 16th launch
for the year, deploying a satellite for Japanese Earth-observation
constellation operator Synspective.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20241221492452/en/
Rocket Lab successfully launches its 16th
Electron rocket of the year, deploying a satellite to orbit for
Japanese constellation operator Synspective. (Photo: Business
Wire)
The “Owl The Way Up” mission lifted off from Rocket Lab Launch
Complex 1 in Mahia, New Zealand on 22 December at 03:17 NZT
deploying a single StriX satellite to orbit from the Electron
launch vehicle. The mission was the sixth in a total of 16 launches
booked on Electron for Synspective, an Earth observation company
operating a constellation of synthetic aperture radar (SAR)
satellites designed to deliver imagery that can detect
millimetre-level changes to the Earth’s surface from space. Rocket
Lab first launched for Synspective in December 2020 and has been
the sole launch provider for Synspective’s constellation to
date.
Rocket Lab founder and CEO, Sir Peter Beck, says: “Mission
success once again for Synspective, capping off our busiest launch
year to date. We look forward to continuing to increase our launch
cadence in the new year as we strengthen Electron’s position as the
leading small rocket globally, and also enter the medium launch
market with Neutron’s debut. In 2024 we launched missions for NASA,
the NRO, deployed multiple missions for commercial constellation
operators like Synspective, launched suborbital HASTE missions
advancing hypersonic flight test capability, and to top it all off,
we achieved a world first by launching two missions from two
different hemispheres in less than 24 hours. Thank you and
congratulations to the Rocket Lab team, our customers, and our
mission partners for another stellar year.”
Rocket Lab launched 16 missions in 2024, besting the Company’s
previous annual launch record of 10 missions, achieved in 2023 and
representing a launch cadence increase of 60% year-on-year. Rocket
Lab maintained a record of 100% mission success for all launches in
2024. The “Owl The Way” up launch was Rocket Lab’s final scheduled
launch for 2024 with the next Electron launch scheduled in Q1
2025.
Rocket Lab Images and Videos:
www.flickr.com/photos/rocketlab/
Launch webcast:
https://www.youtube.com/watch?v=-7VZB4pHJrQ
About Synspective’s constellation:
Synspective's small SAR satellites, StriX, are equipped with a
synthetic aperture radar (SAR) sensor, which can observe the
Earth's surface in any weather condition day or night. Not affected
by clouds or rainSAR is suitable for persistent monitoring of
disasters and detailed changes to secure critical infrastructure
and other facilities. Example use cases include:
- detecting anomalies in road, rail, energy and other
infrastructure, resulting in lower maintenance costs and accident
risk,
- monitoring crop growth conditions and analyzing soil and
vegetation health to help reduce costs and increase efficiency for
farmers,
- detecting illegal logging and fishing in the most remote parts
of the world,
- providing rapid damage assessment after flooding, landslides
and volcanic eruptions, as well as risk assessment for land
subsidence,
- enabling the persistent monitoring of maritime traffic, border
activities and other potential security threats, and advances
maritime domain awareness,
- analyzing tree cover to calculate CO2 absorption and carbon
credits.
About Rocket Lab
Founded in 2006, Rocket Lab is an end-to-end space company with
an established track record of mission success. We deliver reliable
launch services, satellite manufacture, spacecraft components, and
on-orbit management solutions that make it faster, easier, and more
affordable to access space. Headquartered in Long Beach,
California, Rocket Lab designs and manufactures the Electron small
orbital launch vehicle, a family of flight-proven spacecraft, and
the Company is developing the large Neutron launch vehicle for
constellation deployment. Since its first orbital launch in January
2018, Rocket Lab’s Electron launch vehicle has become the second
most frequently launched U.S. rocket annually and has delivered
more than 200 satellites to orbit for private and public sector
organizations, enabling operations in national security, scientific
research, space debris mitigation, Earth observation, climate
monitoring, and communications. Rocket Lab’s Photon spacecraft
platform has been selected to support NASA missions to the Moon and
Mars, as well as the first private commercial mission to Venus.
Rocket Lab has three launch pads at two launch sites, including two
launch pads at a private orbital launch site located in New Zealand
and a third launch pad in Virginia. To learn more, visit
www.rocketlabusa.com.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. We intend such forward-looking statements to be covered by
the safe harbor provisions for forward looking statements contained
in Section 27A of the Securities Act of 1933, as amended (the
“Securities Act”) and Section 21E of the Securities Exchange Act of
1934, as amended (the “Exchange Act”). All statements contained in
this press release other than statements of historical fact,
including, without limitation, statements regarding our launch and
space systems operations, launch schedule and window, safe and
repeatable access to space, Neutron development, operational
expansion and business strategy are forward-looking statements. The
words “believe,” “may,” “will,” “estimate,” “potential,”
“continue,” “anticipate,” “intend,” “expect,” “strategy,” “future,”
“could,” “would,” “project,” “plan,” “target,” and similar
expressions are intended to identify forward-looking statements,
though not all forward-looking statements use these words or
expressions. These statements are neither promises nor guarantees,
but involve known and unknown risks, uncertainties and other
important factors that may cause our actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements, including but not limited to the
factors, risks and uncertainties included in our Annual Report on
Form 10-K for the fiscal year ended December 31, 2023, as such
factors may be updated from time to time in our other filings with
the Securities and Exchange Commission (the “SEC”), accessible on
the SEC’s website at www.sec.gov and the Investor Relations section
of our website at www.rocketlabusa.com, which could cause our
actual results to differ materially from those indicated by the
forward-looking statements made in this press release. Any such
forward-looking statements represent management’s estimates as of
the date of this press release. While we may elect to update such
forward-looking statements at some point in the future, we disclaim
any obligation to do so, even if subsequent events cause our views
to change.
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version on businesswire.com: https://www.businesswire.com/news/home/20241221492452/en/
Rocket Lab Media Contact Morgan Connaughton
media@rocketlabusa.com
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