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Rocket Lab Successfully Completes Second Launch for NASA Climate Science Mission

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Rocket Lab (Nasdaq: RKLB) successfully completed the second of two Electron launches for NASA's PREFIRE mission, deploying a climate monitoring satellite just 11 days after the first launch.

The second launch, titled 'PREFIRE and Ice', took place on June 5th, 2024 from Mahia, New Zealand, placing the satellite into a 525km orbit.

The first launch, 'Ready, Aim, PREFIRE', occurred on May 25th, 2024. Both satellites will study heat loss from Earth's polar regions to improve climate and ice-loss models.

Rocket Lab has now delivered 185 satellites to space and completed its 49th Electron launch overall. Details for the 50th launch will be announced soon.

Positive
  • Rocket Lab successfully launched two satellites for NASA's PREFIRE mission within 11 days, demonstrating operational efficiency.
  • The successful deployment of the PREFIRE satellites will contribute to important climate change data collection.
  • Rocket Lab has delivered 185 satellites to space, showcasing their reliability and expertise in satellite deployment.
  • Rocket Lab’s Electron remains the second most frequently launched U.S. rocket annually and is among the most frequently launched globally.
Negative
  • No specific financial data or immediate revenue impact from these launches was provided in the PR, leaving uncertainty about the direct financial benefits.

Rocket Lab's successful execution of back-to-back launches for NASA's climate science mission demonstrates the company's operational efficiency and reliability. This is a positive signal for investors as it showcases Rocket Lab's ability to meet client demands promptly. The turnaround time of eleven days for two consecutive launches is noteworthy, indicating robust logistical and technical capabilities.

From a financial perspective, this success could translate to increased revenue streams and contracts, particularly from governmental and scientific clients who value precision and reliability. NASA's continued trust in Rocket Lab further solidifies the company's reputation in the space industry. Investors should monitor upcoming financial reports for any impact on revenue and profit margins stemming from these launches.

This achievement may also positively influence Rocket Lab's stock price, as it reinforces the company's market position and potential for future growth in a highly competitive sector. However, it's essential to remain cautious of any unexpected costs associated with such rapid launch sequences.

Rocket Lab’s recent accomplishment enhances its competitive stance in the space launch market. The successful deployment of two satellites within a short period underscores the company's ability to deliver consistent results, which is important for attracting and retaining high-profile clients like NASA.

The space industry is highly dynamic and competitive, with players like SpaceX and Blue Origin expanding their capabilities. Rocket Lab’s ability to execute rapid launches positions it favorably against these competitors. Additionally, its role in climate monitoring projects like PREFIRE aligns with growing global interest in climate change solutions, potentially opening more opportunities within environmental monitoring sectors.

For retail investors, this signifies that Rocket Lab is not just a launch service provider but a pivotal player in scientific and environmental missions. Long-term prospects look promising as the demand for space-based climate research and small satellite deployments is expected to increase.

Rocket Lab's Electron rocket has proven its reliability once again by successfully deploying two satellites for NASA’s PREFIRE mission. The technology behind the Electron rocket, which facilitates frequent and rapid launches, is a key differentiator in the space launch market.

The ability to achieve a rapid turnaround between launches highlights the efficiency of Rocket Lab’s operational processes and the robustness of its launch systems. This technical prowess is essential for missions requiring precise timing and coordination.

Moreover, the PREFIRE mission's focus on climate and ice-loss models taps into the increasing demand for environmental data, making Rocket Lab a important player in technological advancements aimed at addressing climate change. Investors should take note of the technological edge that Rocket Lab brings, as it is likely to drive future innovations and opportunities in both commercial and scientific endeavors.

The second of two Electron launches for NASA’s PREFIRE mission successfully lifted-off and deployed a climate monitoring satellite just eleven days after the first launch

MAHIA, New Zealand--(BUSINESS WIRE)-- Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today successfully completed the second of two Electron launches for NASA’s PREFIRE (Polar Radiant Energy in the Far-InfraRed Experiment) climate change-focused mission, completing a turnaround of two launches within eleven days.

‘PREFIRE and Ice’ lifted-off from Rocket Lab Launch Complex 1 in Mahia, New Zealand at 3:15pm NZST on Wednesday June 5th, 2024, deploying the second of two satellites for the PREFIRE mission to a 525km orbit. The first mission, ‘Ready, Aim, PREFIRE’, was successfully launched days earlier on May 25th, 2024 from the same launch pad, demonstrating Rocket Lab’s ability to launch consistently and in quick succession to meet customer mission requirements.

With both satellites now in orbit, they will crisscross the Arctic and Antarctic to study heat lost to space from the Earth’s polar regions. Heat loss measurements collected by the PREFIRE mission will help to improve climate and ice-loss models to better predict Earth’s ice, sea level, and weather changes. The mission is expected to operate for 10 months.

Rocket Lab founder and CEO, Sir Peter Beck, says: “I’m proud of the team for delivering back-to-back mission success for NASA on Electron once again. Quickly deploying both satellites to orbit within eleven days of each other demonstrates our team’s skill and experience, allowing NASA to maximize PREFIRE’s time in space collecting important climate change data. We’re a long-trusted launch partner for NASA’s biggest small satellite missions, and it’s a privilege to continue supporting innovative science missions like PREFIRE.”

Electron has now delivered 185 satellites to space across all its launches, with today’s mission being Rocket Lab’s 49th Electron launch overall and seventh mission of 2024. Electron remains the United States’ second-most frequently launched rocket annually and one of the most frequently launched rockets globally.

Details for Rocket Lab’s 50th Electron launch will be released in the coming days.

+ 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 180+ 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 family of spacecraft have 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.

+ Rocket Lab Media Contact

Murielle Baker

media@rocketlabusa.com

Source: Rocket Lab USA, Inc.

FAQ

What is the significance of Rocket Lab's second Electron launch for NASA's PREFIRE mission?

The second launch successfully deployed a climate monitoring satellite, essential for studying heat loss from Earth's polar regions.

When did Rocket Lab complete the second launch for the PREFIRE mission?

The second launch took place on June 5th, 2024.

How many satellites has Rocket Lab's Electron vehicle delivered to space?

Rocket Lab's Electron vehicle has delivered 185 satellites to space.

How frequently is Rocket Lab's Electron vehicle launched?

Electron is the second most frequently launched U.S. rocket annually and one of the most frequently launched rockets globally.

What was the purpose of NASA's PREFIRE mission?

The mission aimed to study heat loss from Earth's polar regions to improve climate and ice-loss models.

Rocket Lab USA, Inc.

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