Rocket Lab unveils its modified barge its Neutron rocket will use for ocean landings

Neutron landing platform
Graphic showing the barge after modification
with Neutron landing

Rocket Lab today unveiled a modified barge that it will use as a drone ship for ocean landings of the first stage of its new Neutron rocket.

‘Return On Investment’ is a 400 ft (122 m) modified barge that will be customized to enable landings at sea for its reusable Neutron rocket. Modifications will include autonomous ground support equipment to capture and secure the landed Neutron, blast shielding to protect equipment during Neutron landings, and station-keeping thrusters for precise positioning. The Company has acquired the barge and construction of ‘Return On Investment’ will take place throughout 2025, with expectations of being ready to enter service in 2026.

The name appears to be a dig against the stock market analyst who gave the company a negative report a few days ago, predicting Neutron won’t launch for the first time in 2025 — as Rocket Lab continues to predict — but in 2026.

At the same time, not having the landing platform ready until 2026 means that the first few launches will have to attempt a return to land or that first launch is delayed to 2026.

Meanwhile, Rocket Lab’s just released quarterly report appears to defy that negative assessment as well.

Rocket Lab founder and CEO, Sir Peter Beck, said: “2024 was a record-setting year for Rocket Lab, with our highest annual revenue ever posted of $436.2 million and a record Q4 2024 revenue of $132.4 million – a 382% increase compared to Q4 2021, our first full quarter following our debut on the Nasdaq as a publicly-traded company. Top achievements across launch and space systems include a record number of 16 launches for Electron in 2024 (a 60% increase in launch cadence compared to 2023) and more than $450 million in newly-secured launch and space systems contracts.”

More and more it appears to me that this stock market analyst was simply attempting to lower the stock price so as to garner profits when the price rebounded back to its proper value.

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Varda’s successfully returns its 2nd capsule from orbit

The startup Varda yesterday successfully returned its second capsule from orbit, with the capsule re-entering the atmosphere and touching down in Australia after spending six weeks in space.

The W-2 capsule carried a spectrometer built by the Air Force Research Laboratory (AFRL) and employed a heatshield developed in collaboration with NASA’s Ames Research Center in California’s Silicon Valley. The capsule also carried internal research that will expand Varda’s pharmaceutical processing capacity and capability.

The capsule landed at the Koomibba Test Range, operated by the spaceport startup Southern Range and located on the southern coast of Australia. Varda had arranged this landing location after it had absurd regulatory delays getting permission to land its first capsule at the Air Force test range in Utah.

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All is so far well with Intuitive Machines Athena lunar lander

The Moon's South Pole with landers indicated
The Moon’s South Pole with landers indicated.
Click for interactive map.

According to a tweet yesterday from Intuitive Machines, its Athena lunar lander is operating as expected since its launch last night.

The lander is in excellent health, sending selfies, and preparing for a series of planned main engine firings to refine her trajectory ahead of lunar orbit insertion, planned on March 3. Intuitive Machines is targeting a lunar landing opportunity on March 6.

If all goes as planned, Athena will land only 100 miles from the Moon’s south pole, as shown on the map to the right. This location had originally been picked for NASA’s now canceled VIPER rover, because the terrain would have allowed the rover to travel down into some permanently shadowed regions. NASA now hopes to use the Grace hopper on Athena to accomplish the same task.

Next week will also see a second privately built rover land on the Moon, though several days before Athena. Firefly’s Blue Ghost lander is scheduled to land on March 2, 2025 in Mare Crisium on the eastern edge of the Moon’s visible hemisphere. Furthermore, there is presently a third private lander on its way to the Moon, built by Japan’s Ispace. It is taking a longer route there, with its landing occurring in May.

There is also a fourth commercial lander, Astrobotic’s Griffin, that is presently targeting a launch by the end of 2025. It was originally supposed to carry VIPER, but has now replaced that with the commercial test prototype rover being built by the startup Venturi Astrolab, which is competing to get the contract to build the manned rover for NASA’s Artemis program.

Lunar exploration is certainly heating up.

Hat tip to reader Richard M for the Athena tweet update.

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SpaceX and China complete launches

Since my last launch report yesterday there have been two more launches (with another planned for later today).

First, last night SpaceX launched another 21 Starlink satellites into orbit, its Falcon 9 rocket — using a new first stage — lifting off from Cape Canaveral in Florida. The first stage successfully landed on a drone ship in the Atlantic. This new stage shows that SpaceX appears building about one to two new first stages per year in order to maintain its fleet.

Next, China placed two classified remote sensing satellites into orbit, its Long March 2C rocket lifting off from its Jiuquan spaceport in the northwest of China. No word on where the rocket’s first stage, which uses very toxic hypergolic fuel, crashed inside China.

Another launch is expected later this afternoon, by Russia, launching a new Progress freighter to ISS.

The leaders in the 2025 launch race:

25 SpaceX
9 China
2 Rocket Lab

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SpaceX launches Intuitive Machines’ Athena lunar lander

The Moon's South Pole with landers indicated
The Moon’s South Pole with landers indicated.
Click for interactive map.

SpaceX today successfully launched the second lunar lander built by the startup Intuitive Machines, dubbed Athena, for a landing near the lunar south pole in about eight days, its Falcon 9 rocket lifting off from the Kennedy Space Center in Florida.

The “X” on the map to the right indicates the landing location, on a mountain called Mons Mouton, about 100 miles from the south pole. This will be the closest landing to the pole by any lander. It is also the site that was originally selected for NASA’s now cancelled VIPER rover mission.

The launch also included NASA Lunar Trailblazer lunar orbiter, designed to map the Moon’s surface for evidence of water, and Astroforge’s first interplanetary probe, dubbed Odin, which will attempt the first close fly-by of an asteroid by a privately built and own space probe. The asteroid, 2022 OB5, is thought to be made up largely of nickel-iron, which makes it a prime mining target.

The first stage completed its ninth mission, landing on a drone ship in the Atlantic.

The leaders in the 2025 launch race:

24 SpaceX (with another launch scheduled for later tonight)
8 China
2 Rocket Lab

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Intuitive Machine’s Athena lunar lander to launch later today

The second attempt by the startup Intuitive Machines to soft land a spacecraft on the Moon is scheduled to launch today at 7:16 pm (Eastern) time on a Falcon 9 rocket lifting off from the Kennedy Space Center in Florida.

I have embedded the Space Affairs live stream feed below, because it starts only 45 minutes before launch. If you want to watch an extra hour of pre-launch blather and propaganda from NASA, the official live steam can be found here. Be warned however. All the live feeds are being produced by NASA, which tends to make believe it made everything happen, when in truth both the rocket and lander are privately owned and built. NASA is contributing most of the science instruments, but without SpaceX and Intuitive Machines, none of those instruments would go anywhere.

A very good description of the mission and the science instruments on board, including a hopper, and a drill, can be found here.

Secondary payloads on the rocket include a low cost NASA lunar orbiter and the first interplanetary probe of a private company.

The first, Lunar Trailblazer, has two instruments for mapping the existence of water on the lunar surface. The second, Astroforge’s Odin spacecraft, will attempt a close fly-by of the asteroid 2022 OB5, thought to be made up mostly of nickel-iron and thus potentially very valuable resource for mining.

» Read more

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Rocket Lab’s shares lose 10% because of a negative assessment by stock analyst

Because one stock market analyst, Bleeker Street Research (BS) this week issued a negative assessment of Rocket Lab’s schedule for launching its new Neutron rocket, the company’s shares have lost about 10% of their value in the past few days.

In the report, BSR opines that while Rocket Lab has captivated investors with the promise of Neutron, its research shows the promise is built on shaky ground.

BSR believes the Neutron launch won’t take place until mid-2026, and could be delayed until mid-2027. Engine development, structure production, Wallops Island in Virginia, USA, launch pad construction, and transporting Neutron to the site are all factors cited by BSR as driving the delay.

BSR also questioned whether Rocket Lab could get its launch price of $50-$55 million.

Delays in launching a new rocket are to be expected, though as of now Rocket Lab has not indicated any issues that would preclude their predicted first Neutron launch in 2025.

One wonders if this report is merely the typical price manipulation you see all the time from stock market honchos. Issue a negative report which causes the price to drop, and then use that drop to buy up shares at discount prices.

At the same time, the analysis could be correct, though it depends on unnamed sources.

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AST SpaceMobile successfully tests cell-to-satellite calls transmitting video

According to press releases from both Verizon and AT&T on February 24, 2025, each has successfully tested cellphone-to-satellite video calls using the first set of satellites in AST SpaceMobile’s BlueBird satellite constellation. From ATT:

AT&T and AST SpaceMobile have successfully completed a video call by satellite over AT&T spectrum using the BlueBird satellites launched last September. These are the same satellites that will be used to start commercial service.

From Verizon:

Verizon and AST have yet again pushed the boundaries of what can be done with mobile devices by successfully trialing a live video call between two mobile devices with one connected via satellite and the other connected via Verizon’s terrestrial network connection.

The satellites will essentially act like cell towers in space, filling in all dead spots not reached by ground-based towers.

AST’s constellation is competing with Starlink, which has signed T-Mobile for its service. In addition, Eutelsat-Oneweb has just successfully tested using its satellite constellation for the same purpose.

I suspect that in time, when these satellite systems have been thoroughly tested and have become operational, they will allow these phone networks to begin decommissioning their cell towers on Earth, thus reducing their costs significantly and thus lowering the cost to their customers.

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Australia’s government proposes subsidies to build spaceport in Western Australia

Australian spaceports
Proposed commercial spaceports in Australia

The Labor Party that presently runs Australia has now proposed a $2 million program to “develop a business case” for a spaceport in the generally unpopulated state of Western Australia.

The red arrow and two X’s on the map to the right shows three potential locations. The Eucla and Christmas Island locations have been proposed by a private startup dubbed Space Angel. The Albany location has been proposed by a different startup called WA Australia.

At present, only the Bowen spaceport on Australia’s eastern coast has all its license approvals to do orbital launches, with the first now scheduled for mid-March. Southern Launch however has been a suborbital launch site for decades, and is also where many spacecraft returning from space have landed.

That the present leftist Australian government is considering a program to encourage new spaceports at these other locations instead makes me wonder if there isn’t a bit of political quid-pro-quo going on. Why favor these new locations in Western Australia exclusively? Why not offer this program to all the spaceports? I am especially suspicious of this proposal considering the regulatory burden the Labor government has placed on those other eastern spaceports, delaying approvals for years.

With so many commercial Australia spaceport proposals however suggests the political pressure to ease those regulations might be soon forthcoming.

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SpaceX now targeting February 28, 2025 for 8th Starship/Superheavy test orbital flight

Superheavy captured for the second time
Superheavy captured for the second time,
on January 16, 2025

SpaceX today announced it will attempt the eighth Starship/Superheavy test orbital flight this coming Friday, February 28, 2025, with a launch window beginning at 5 pm (Central). From the company’s website update:

The upcoming flight will target objectives not reached on the previous test, including Starship’s first payload deployment and multiple reentry experiments geared towards returning the upper stage to the launch site for catch. The flight also includes the launch, return, and catch of the Super Heavy booster.

The company also published today a detailed report on its investigation into the loss of Starship soon after stage separation in the 7th test flight.
» Read more

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Close-up of Blue Ghost’s landing zone on the Moon

Close-up of Blue Ghost's landing zone
Click for original image.

The science team for Lunar Reconnaissance Orbiter (LRO) on February 21, 2025 posted the picture to the right, reduced and sharpened to post here, showing in close-up the March 2, 2025 landing zone for Firefly’s Blue Ghost lunar lander.

The Blue Ghost landing region (image center, 18.56°N, 61.81°E) is heavily cratered due its ancient age (>3 billion years). … The landing region is near a large volcanic cone, Mons Latreille, which formed billions of years ago as part of the massive outpouring of basaltic magma that filled much of the Crisium basin.

Despite the many craters, there are plenty of smooth spots in this landscape. The real challenge for the lander is finding its way to them.

For a map showing this location on the Moon, go here.

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Eutelsat-Oneweb uses its satellite constellations to test technology for phone-to-satellite capabilities

The communications company Eutelsat-Oneweb announced today that it has successfully tested the technology that would allow smartphones to use its satellite constellations as orbiting cell towers in order to eliminate dead zones in their ground-based systems.

Based on the press release, it is unclear whether the tests actually included a cell phone.

The trial used Eutelsat OneWeb satellites, with the MediaTek NR NTN test chipset, and NR NTN test gNB provided by ITRI, implementing the 3GPP Release 17 specifications. Sharp, Rhode & Schwarz provided the antenna array and test equipment and the LEO satellites, built by Airbus, carry transponders, with Ku-band service link, Ka-band feeder link, and adopt the “Earth-moving beams” concept. During the trial, the 5G user terminal successfully connected to the 5G core via the satellite link and exchanged traffic. [emphasis mine]

That user terminal might have been a smart phone, or it could have been an engineering test terminal.

Either way, Eutelsat-Oneweb appears to be aggressively trying to enter the competition for cell-to-satellite business, competing with the systems already operational from Starlink and AST SpaceMobile.

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