Rocket Lab Successfully Deploys Satellite for Synspective, Caps Off Year with 60% Increase in Launches YoY
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.
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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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