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Rocket Lab negatively impacted by New Zealand’s Wuhan panic lockdowns

Capitalism in space? Rocket Lab reported this week that not only has its income been slashed because of New Zealand’s draconian lockdowns in fear of COVID-19, the company has had to cut its planned launches for the fourth quarter of 2021 by more than half.

“Operations have experienced disruptions due to some of the most restrictive COVID-19 measures globally, including current stay-at-home orders which prevent launch operations from taking place,” said Peter Beck, chief executive of Rocket Lab, of New Zealand’s current restrictions. “Indications are that the current lockdown restrictions may ease by the end of September with the delta cases dropping in New Zealand, but this, of course, is subject to change.”

Those restrictions have delayed plans by Rocket Lab to perform three dedicated Electron launches of BlackSky satellites that had been scheduled to begin in late August. It could also affect the launch of NASA’s CAPSTONE lunar cubesat, which had been scheduled for no earlier than late October on another Electron from Launch Complex 1 in New Zealand.

Adam Spice, chief financial officer, said that the company has five Electron launches manifested for the fourth quarter of the year, but is assuming only two launches in its financial projections. While those five launches would produce more than $40 million in revenue, the company is forecasting only $17-20 million in revenue for the fourth quarter.

Meanwhile, the company has not been able to launch from its new launchpad at Wallops Island in Virginia because NASA — after almost two years! — has apparently still not approved the company’s flight termination system, used to destroy a rocket that has gone out of control. NASA’s refusal to approve this system is very puzzling and very suspicious, especially because Rocket Lab has launched 21 times with it from New Zealand, and even used it several times to successfully destroy failing rockets.

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Conscious Choice cover

Now available in hardback and paperback as well as ebook!

 

From the press release: In this ground-breaking new history of early America, historian Robert Zimmerman not only exposes the lie behind The New York Times 1619 Project that falsely claims slavery is central to the history of the United States, he also provides profound lessons about the nature of human societies, lessons important for Americans today as well as for all future settlers on Mars and elsewhere in space.

 
Conscious Choice: The origins of slavery in America and why it matters today and for our future in outer space, is a riveting page-turning story that documents how slavery slowly became pervasive in the southern British colonies of North America, colonies founded by a people and culture that not only did not allow slavery but in every way were hostile to the practice.  
Conscious Choice does more however. In telling the tragic history of the Virginia colony and the rise of slavery there, Zimmerman lays out the proper path for creating healthy societies in places like the Moon and Mars.

 

“Zimmerman’s ground-breaking history provides every future generation the basic framework for establishing new societies on other worlds. We would be wise to heed what he says.” —Robert Zubrin, founder of founder of the Mars Society.

 

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2 comments

  • Andrew_W

    Restrictions remain in Auckland where cases have dropped from a peak of around 80 a day a week ago to the low teens each day now. Outside on the hospitality industry business is almost back to normal throughout the rest of the country.
    I guess that RocketLabs difficulty involves the restrictions at their Auckland facilities, not at the launch and other facilities outside of Auckland.

  • jeff

    Rocket Lab’s flight termination system not being approved is perplexing. Rocket Lab now has an order backlog of $141 million. All of that could be at risk so why not solve the problem or make a deal / comply with NASA? Below link, Rocket Lab said NASA was about to approve their flight termination system almost a year ago. It seems this is a business problem, not rocket science, and Rocket Lab is not getting it done.
    https://twitter.com/rocketlab/status/1314402483158958080

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