Tag: Electron

Capitalism in space: Rocket Lab yesterday announced that its next launch is now scheduled for July 3, less than three weeks after its previous launch, the fastest turnaround the company has attempted so far.

The July launch will place seven cubesats into orbit. The fast turnaround this time is part of the company’s attempt to complete one launch per month through the rest of the year, a pace they have been promising now since 2019 but have been as yet unable to achieve.

Capitalism in space: Rocket Lab today (June 13 in New Zealand) successfully launched five cubesats into orbit using its Electron rocket. The image to the right was taken eleven seconds after liftoff.

This was Rocket Lab’s second launch in 2020, delayed three months due to the Wuhan flu panic that shut down New Zealand. This does not put them in the leader board, but it does change the national rankings. The leaders in the 2020 launch race:

11 China
8 SpaceX
7 Russia
3 ULA

The U.S. now leads China 14 to 11 among the nations. Since SpaceX has its own Starlink launch later tonight, these numbers will likely change again before the night is over.

Capitalism in space: Rocket Lab yesterday announced its next launch window, beginning on October 15, while adding that it has switched out the payload planned for that commercial launch.

The launch, scheduled for a two-week window starting October 15, will take a single spacecraft created by Astro to low Earth orbit. Corvus — the genus to which crows and ravens belong — is the name of the series of imaging satellites the company has already put up there; hence the name of the mission.

But this mission wasn’t scheduled to launch for some time yet. October’s launch, the fifth this year from Rocket Lab, was set to be another customer’s, but that customer seems to have needed a bit of extra time to prepare — and simply requested a later launch date.

Rocket Lab correctly touts this late and fast switch as an example of its ability to provide on-demand service to its customers. Making a switch like this is rare in rocketry.

At the same time, Rocket Lab had hoped to launch as many as sixteen times in 2019, with launches occurring monthly beginning in the spring. They have not come close to that pace, and right now it does not look like the company will top ten launches in 2019. and will likely do much less.

Whether this is indicative of problems at Rocket Lab, or with its various customers, is not clear, though I suspect the latter. The rocket has been reliable and operational now for more than a year.

Capitalism in space: Faced with stiff competition from both other smallsat rocket companies as well as the big players like SpaceX, Rocket Lab has announced that they are going to try to recover the first stages of their Electron rocket for later reuse.

Their plan is to use the atmosphere and parachutes to slow the stage down as it returns to Earth, and then have a helicopter snag it and land it on a ship.

They had looked into the idea of vertically landing it, like SpaceX does with its Falcon 9, but found it would make their rocket to big and expensive.

This plan is not as radical as it sounds. The Air Force did something similar for almost a decade in the 1960s to recover film from its surveillance satellites.

Capitalism in space: Rocket Lab today announced that it has scheduled the launch window in June for its next commercial launch.

The press release did not state exactly when in June. Either way, it is clear that the company is steadily ramping up its launch operations towards its goal of bi-monthly launches by the end of the year.

Capitalism in space: Rocket Lab has successfully placed three Air Force technology satellites in orbit.

This is their second commercial launch in 2019, and fifth successful launch overall. They have said that they plan a total of 16 launches this year. With eight months left in the year and 14 launches to go, they will have to up their pace to more than once per month pretty soon. As this is their announced intention, their launch rate should accelerate before the year is out.

One more interesting detail: With this launch they have now put 28 small satellites in space, on five launches. At this pace they are beginning to match, in a different way, the capabilities of larger rockets that can launch that many smallsats on a single rocket. Rocket Lab might be more expensive per satellite, but provides each launched satellite a more customized service, including more flexibility in orbital choice and a far more reliable schedule.

The leaders in the 2019 launch race remain unchanged:

6 China
5 SpaceX
4 Europe (Arianespace)
3 Russia

However, the U.S. has now widened its lead over China to 10 to 6.

Capitalism in space: Rocket Lab announced this week that it is now offering satellite manufacture in addition to its launch services.

The “Photon” satellite platform was developed so that customers would not have to build their own satellite hardware. “Small satellite operators want to focus on providing data or services from space, but building satellite hardware is a significant barrier to achieving this,” said Rocket Lab founder and chief executive Peter Beck, in a statement. “The time, resources and expertise required to build hardware can draw small satellite operators away from their core purpose, delaying their path to orbit and revenue. As the turn-key solution for complete small satellite missions, Rocket Lab brings space within easy reach. We enable our customers to focus on their payload and mission – we look after the rest.”

The satellites are designed for a range of Low Earth Orbit missions including technology demonstrations, risk reduction pathfinders, constellations, and hosted payloads, the company said in a statement.

This is not surprising. With their Electron rocket now operational, and about to begin monthly launches, they have the profits and margin to offer a complete launch package to smallsat customers.

The countdown to Rocket Lab’s first launch in 2019, to place a DARPA technology demo satellite in orbit, is proceeding without problems, with the four hour launch window beginning at 6:30 pm (Eastern) today. The launch itself is presently set for 7:27 pm (Eastern).

The link will include the company’s live stream of the launch, when it begins about fifteen minutes before launch.

Should this launch succeed, Rocket Lab has said it would begin more regular launches, aiming for monthly and even bi-monthly launches before the end of the year.

Capitalism in space: Rocket Lab has raised an additional $140 million in investment capital following its successful first operational launch last week.

The company announced Nov. 15 that it closed a Series E funding round, led by existing investor Future Fund, an Australian sovereign wealth fund. Several other existing investors also joined the round, including Greenspring Associates, Khosla Ventures, Bessemer Venture Partners, DCVC (Data Collective), Promus Ventures and K1W1. One new investor, Accident Compensation Corporation of New Zealand, joined the round.

The Series E round comes after the company raised $75 million in a Series D round in March 2017. The company has now raised more than $288 million to date. Rocket Lab did not disclose the valuation of the latest round, but said it exceeded the “$1-billion-plus” valuation from its Series D round.

In the race to grab the smallsat market, Rocket Lab is far ahead of its nearest competitors, Virgin Orbit and Vector. If I had to rank them at this moment, I would say that Virgin Orbit is second with Vector third.