Rocket Lab Signs Multi-Launch Deal to Further Deploy Synspective Constellation
The two new, dedicated launches bring the total number of Electron missions ordered by Synspective to six
Long Beach, California. July 13, 2023 – Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced it has signed a deal with Japanese Earth imaging company Synspective to launch two dedicated Electron missions. The new missions bring the total number of Electron launches contracted by Synspective to six.
Rocket Lab has been launching for Synspective since 2020 when the Company deployed the first satellite in Synspective’s synthetic aperture radar (SAR) constellation, which is designed to deliver imagery that can detect millimetre-level changes to the Earth’s surface from space. Since that first mission, Rocket Lab has been the sole launch provider for Synspective’s StriX constellation to date, successfully deploying three StriX satellites across three dedicated Electron launches. Including the two new missions, Rocket Lab is now scheduled to launch three missions for Synspective beginning in late 2023 from Launch Complex 1 in New Zealand.
Rocket Lab founder and Chief Executive, Peter Beck, says: “It’s an honor to be entrusted with the continued deployment of Synspective’s constellation. We’re proud to enable them to build out their constellation with precision and efficiency, giving Synspective ultimate schedule and orbit flexibility with frequent dedicated launch opportunities. We’re delighted to continue delivering this unique ability to Synspective through our continued partnership.”
In addition to providing Synspective with a high degree over schedule and orbit by flying as a dedicated mission, Rocket Lab also delivers the unique ability to perform an advanced mid-mission maneuver with the Electron rocket’s Kick Stage to shield the StriX satellite from the sun to reduce radiation exposure ahead of payload deployment.
Synspective founder and CEO, Dr. Motoyuki Arai, says: “As we celebrate our three-year partnership with Rocket Lab, which began with our first StriX-α satellite in 2020, we are thrilled to entrust them with two more contracts for our StriX satellite launches. Their unwavering reliability and precision have been pivotal to our successful deployments. We’re looking forward to the upcoming launches and the new insights to enhance our satellite data and solution service in line with our customer needs.”
Synspective joins several commercial constellation operators that have signed multi-launch agreements on Electron this year, including HawkEye 360 and Capella Space.
Previous Rocket Lab Launches for Synspective:
- The Owl’s Night Begins: 15 December 2020
- The Owl’s Night Continues: 28 February 2022
- The Owl Spreads Its Wings: 15 September 2022
+ FORWARD LOOKING STATEMENTS
This press release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Rocket Lab’s current expectations and beliefs concerning future developments and their potential effects. These forward-looking statements involve a number of risks, uncertainties (many of which are beyond Rocket Lab’s control), or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including risks related delays and disruptions in expansion efforts; our dependence on a limited number of customers; the harsh and unpredictable environment of space in which our products operate which could adversely affect our launch vehicle and spacecraft; increased congestion from the proliferation of low Earth orbit constellations which could materially increase the risk of potential collision with space debris or another spacecraft and limit or impair our launch flexibility and/or access to our own orbital slots; increased competition in our industry due in part to rapid technological development and decreasing costs; technological change in our industry which we may not be able to keep up with or which may render our services uncompetitive; average selling price trends; failure of our launch vehicles, spacecraft and components to operate as intended either due to our error in design in production or through no fault of our own; launch schedule disruptions; supply chain disruptions, product delays or failures; design and engineering flaws; launch failures; natural disasters and epidemics or pandemics, including COVID-19; changes in governmental regulations including with respect to trade and export restrictions, or in the status of our regulatory approvals or applications; or other events that force us to cancel or reschedule launches, including customer contractual rescheduling and termination rights; risks that acquisitions may not be completed on the anticipated time frame or at all or do not achieve the anticipated benefits and results; and the other risks detailed from time to time in Rocket Lab’s filings with the Securities and Exchange Commission (the “SEC”), including under the heading “Risk Factors” in Rocket Lab’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, which was filed with the SEC on March 7, 2023, and elsewhere. There can be no assurance that the future developments affecting Rocket Lab will be those that we have anticipated. Except as required by law, Rocket Lab is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.