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Rocket Lab (RKLB) Stock News, Jul 5-26, 2022

RKLB Nasdaq

Rocket Lab Corporation reports developments in launch services and space systems for civil, defense and commercial space customers. The company designs and manufactures Electron and Neutron launch vehicles, the Photon satellite platform, and spacecraft components used in missions for national security, scientific research, Earth observation, communications and other orbital applications.

Company news commonly covers launch contracts, mission awards, hypersonic test activity through HASTE, progress on Neutron, Space Systems products such as star trackers, and operating results tied to backlog, revenue and program execution. Updates also include defense partnerships, customer manifests, acquisitions that expand the space systems portfolio, and capital-structure matters.

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Rocket Lab USA, Inc. (Nasdaq: RKLB) announced that CFO Adam Spice will present at the Canaccord Genuity Annual Growth Conference on August 10, 2022, at 2:30 p.m. ET. A replay of the presentation will be available on Rocket Lab's investor relations website. Founded in 2006 and headquartered in Long Beach, California, Rocket Lab specializes in launch services, satellite manufacture, and spacecraft components. Its Electron launch vehicle is the second most frequently launched U.S. rocket, having delivered 148 satellites since its first launch in January 2018.

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Rocket Lab (NASDAQ: RKLB) has achieved a significant milestone with its MAX Flight Software now operational on 53 spacecraft, accumulating 161 years in space. The software, developed by Advanced Solutions Inc, supports various missions and is utilized by key clients including NASA and the U.S. Air Force. Rocket Lab is expanding its facilities in Littleton, Colorado, adding 40,000 sq. ft. to meet increasing demand and plans to double its workforce there. This expansion is aimed at supporting future missions, including upcoming launches to Mars and Venus.

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Rocket Lab USA announced a significant milestone in collaboration with DARPA and the Space Development Agency as their Mandrake-2 mission successfully established optical communications between two satellites, Able and Baker. The test lasted 40 minutes at a distance of 114 km, transferring over 280 Gb of data. This achievement is seen as a critical advancement for the development of resilient, high-volume data transport communication systems. CEO Peter Beck praised the efforts of both Rocket Lab and Advanced Solutions Inc. in achieving this breakthrough in just nine months.

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Rocket Lab USA, Inc. (Nasdaq: RKLB) successfully launched its first responsive space mission for the National Reconnaissance Office (NRO) on July 13, 2022. The NROL-162 mission, named "Wise One Looks Ahead," delivered a national security payload into orbit from Rocket Lab Launch Complex 1. This launch is part of a Rapid Acquisition of a Small Rocket contract with the NRO, which includes another mission, NROL-199, scheduled for July 22, 2022. Rocket Lab aims to enhance national security capabilities through rapid launch services.

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Rocket Lab USA, Inc. (Nasdaq: RKLB) is set to launch its Electron rocket for a national security mission on July 13, 2022, at 05:00 UTC. The NROL-162 mission, named “Wise One Looks Ahead”, will be conducted for the National Reconnaissance Office (NRO) from Launch Complex 1, Pad A. This mission is the first of two NRO missions launching within ten days, with NROL-199 scheduled for July 22. The missions will deploy critical national security payloads in collaboration with the Australian Department of Defence.

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Rocket Lab USA (RKLB) is preparing for the launch of its Electron rocket for a national security mission for the U.S. National Reconnaissance Office (NRO) on July 12, 2022. The NROL-162 mission, titled “Wise One Looks Ahead,” is set to launch from Rocket Lab Launch Complex 1, Pad A. Following this, the NROL-199 mission is scheduled for July 22, 2022. Both missions aim to deliver critical satellite payloads to support national security operations, including monitoring international crises and drug trafficking.

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Rocket Lab USA, Inc. (RKLB) will release its second quarter 2022 financial results on August 11, 2022, after U.S. markets close. A conference call is scheduled for 1:30 p.m. PT (4:30 p.m. ET) to discuss the results. Investors can access a live webcast on the Company’s Investor Relations website.

Founded in 2006 and headquartered in Long Beach, California, Rocket Lab offers end-to-end space services, including launch services and satellite manufacturing. The company operates the Electron launch vehicle, a key player in U.S. space missions.

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Rocket Lab USA (RKLB) has announced a new Responsive Space Program aimed at facilitating commercial and government satellite operations. The program offers tailored solutions, granting access to Rocket Lab's 24/7 rapid launch service and satellite build capabilities. Key features include responsive rockets with a production rate of one Electron rocket per month, three operational launch sites ensuring immediate availability, and customizable satellite design and manufacturing. The program aims to address the urgent need for reliable and timely satellite services in today's dynamic environment.

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Rocket Lab USA, Inc. (NASDAQ: RKLB) announced two upcoming responsive space missions for the National Reconnaissance Office (NRO). The launches will occur from Rocket Lab Launch Complex 1, with NROL-162 scheduled for July 12 and NROL-199 for July 22. These missions demonstrate Rocket Lab's capability to deliver national security payloads efficiently through the NRO's Rapid Acquisition of a Small Rocket (RASR) contract. This collaborative effort with the Australian Department of Defence aims to enhance intelligence capabilities for government agencies.

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FAQ

What is the current stock price of Rocket Lab (RKLB)?

Rocket Lab (RKLB) last closed at $64.22.

What is the market cap of Rocket Lab (RKLB)?

The market cap of Rocket Lab (RKLB) is approximately $41.1B.