Rocket Lab USA, Inc. (NASDAQ: RKLB), a space corporation, was given a satellite launch contract for geospatial firm HawkEye 360 last week. This is a significant milestone for Rocket Lab, as these contracts were expected to assist the firm get regular launches up and running from the new location, although they had been postponed earlier.
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The order will be filled with three Electron rocket launches, the first of which is slated for the end of 2022. Six HawkEye 360 satellites will be launched by two rockets, with the remaining three satellites launched as a secondary payload by a third rocket.
Only three years after Rocket Lab finished construction of the launch pad, the launch streak contract is the next stage in bringing Electron rocket launches to production.
The firm had several difficulties in receiving NASA approval for the autonomous launch abort system. In the case of launch failures, this mechanism should prevent the launch vehicle from falling out of control. Launches from the United States would be impossible without it, and as a result, even the Pentagon’s military satellite, the Monolith by Rocket Lab, had to be launched from New Zealand.
Rocket Lab has received the necessary certification and is now allowed to launch rockets from its new facility in Virginia, United States. The HawkEye 360 satellites will be launched from there, among other things. It is proposed to construct a facility there in the future to assemble the promising Neutron launch vehicle.
The unique Neutron rocket features are intended to make it more financially viable than earlier non-reusable rockets like the Soyuz. Furthermore, owing to certain clever ideas like a non-drop fairing, the Neutron rocket can be more efficient per kilogram of cargo than the SpaceX Falcon 9.
The shares of RKLB closed at $7.71 previous session, down -2.03% or $0.16. RKLB’s performance over the last year has been -28.28%, and it has been -8.43 percent in the previous week. The stock’s price index has dropped -11.99 percent in a month and -14.33% in three months. In the last six months, it has returned -39.10 percent.
