Rocket Lab announces first launch contract for its new Neutron rocket
Though the press release was lacking in many details, Rocket Lab yesterday announced the signing of its first launch contract for its new Neutron rocket, scheduled to make its first orbital test launch in 2025.
Under the contract, Rocket Lab will launch two dedicated missions on Neutron starting from mid-2026. The missions will launch from Rocket Lab Launch Complex 3 on Wallops Island, Virginia. The launch service agreement for these missions signifies the beginning of a productive collaboration that could see Neutron deploy the entire constellation.
The press release did not name the satellite constellation, or the company building it. Rocket Lab’s founder and CEO, Peter Beck, was quoted as follows: “Constellation companies and government satellite operators are desperate for a break in the launch monopoly.” [emphasis mine] That launch monopoly is clearly SpaceX, and Beck was positioning Rocket Lab with Neutron as the company to provide an alternative.
The announcement as well as the company’s third quarter report caused a 45% surge in its stock price.
Though the press release was lacking in many details, Rocket Lab yesterday announced the signing of its first launch contract for its new Neutron rocket, scheduled to make its first orbital test launch in 2025.
Under the contract, Rocket Lab will launch two dedicated missions on Neutron starting from mid-2026. The missions will launch from Rocket Lab Launch Complex 3 on Wallops Island, Virginia. The launch service agreement for these missions signifies the beginning of a productive collaboration that could see Neutron deploy the entire constellation.
The press release did not name the satellite constellation, or the company building it. Rocket Lab’s founder and CEO, Peter Beck, was quoted as follows: “Constellation companies and government satellite operators are desperate for a break in the launch monopoly.” [emphasis mine] That launch monopoly is clearly SpaceX, and Beck was positioning Rocket Lab with Neutron as the company to provide an alternative.
The announcement as well as the company’s third quarter report caused a 45% surge in its stock price.