Rocket Lab gets big launch contract for both its Electron and new Neutron rocket

Artist’s rendering of Neutron’s first stage fairings opening
to deploy the payload with the second stage engine.
Rocket Lab announced yesterday that it has won a big new launch contract with an undisclosed customer for three launches of its Electron rocket and five launches of its new Neutron rocket.
The multi-launch agreement includes five dedicated Neutron launches and three dedicated Electron launches baselined to launch between 2026 and 2029. The missions will lift-off from both Rocket Lab Launch Complex 1 in New Zealand and Rocket Lab Launch Complex 3 in Virginia. Pricing for these launches aligns with Rocket Lab’s average selling price for Neutron and Electron. The remaining terms of the deal are undisclosed.
Based on the known average launch prices for these rockets, this deal is likely worth somewhere between $250 million to $300 million. That a customer was willing to purchase five launches of Neutron before the rocket has even launched is also a strong statement of confidence in Rocket Lab itself. The company hopes to do the first test launch of Neutron before the end of this year.
Rocket Lab also made a slew of other announcements yesterday. The company will be partnering with Anduril as part of its 20-launch contract with the War department to use its suborbital HASTE version of its Electron first stage for hypersonic testing. The deal involves three of those twenty launches.
The company also announced a partnership with Raytheon to “demonstrate advanced capabilities for the United States Space Force’s Space Based Interceptor program.” Rocket Lab also revealed it is acquiring the California robotic company Motiv Space Systems that has built equipment used on the Mars rover Perseverance.
Rocket Lab might not be as big as SpaceX, but it has unquestionably been as successful in its own way.

Artist’s rendering of Neutron’s first stage fairings opening
to deploy the payload with the second stage engine.
Rocket Lab announced yesterday that it has won a big new launch contract with an undisclosed customer for three launches of its Electron rocket and five launches of its new Neutron rocket.
The multi-launch agreement includes five dedicated Neutron launches and three dedicated Electron launches baselined to launch between 2026 and 2029. The missions will lift-off from both Rocket Lab Launch Complex 1 in New Zealand and Rocket Lab Launch Complex 3 in Virginia. Pricing for these launches aligns with Rocket Lab’s average selling price for Neutron and Electron. The remaining terms of the deal are undisclosed.
Based on the known average launch prices for these rockets, this deal is likely worth somewhere between $250 million to $300 million. That a customer was willing to purchase five launches of Neutron before the rocket has even launched is also a strong statement of confidence in Rocket Lab itself. The company hopes to do the first test launch of Neutron before the end of this year.
Rocket Lab also made a slew of other announcements yesterday. The company will be partnering with Anduril as part of its 20-launch contract with the War department to use its suborbital HASTE version of its Electron first stage for hypersonic testing. The deal involves three of those twenty launches.
The company also announced a partnership with Raytheon to “demonstrate advanced capabilities for the United States Space Force’s Space Based Interceptor program.” Rocket Lab also revealed it is acquiring the California robotic company Motiv Space Systems that has built equipment used on the Mars rover Perseverance.
Rocket Lab might not be as big as SpaceX, but it has unquestionably been as successful in its own way.

