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Rocket Lab’s Long Beach facility includes a 12,000-square-foot cleanroom and 40,000 square feet of production and test facilities.
The University of California, Berkeley’s Space Sciences Laboratory leads ESCAPADE with spacecraft provided by Rocket Lab.
Rocket Lab’s Long Beach facility includes a 12,000-square-foot cleanroom and 40,000 square feet of production and test facilities.
Rocket Lab’s 41st Electron mission, named “We Will Never Desert You,” failed to reach orbit during a 2023-09-19 launch attempt.
Rocket Lab planned to fly up to 15 Electron rockets in 2023 compared to nine Electrons flown in 2022.
Telemetry displayed on the Rocket Lab launch webcast during the 2023-09-19 mission showed the rocket’s speed decreasing after stage separation, suggesting the upper stage engine was not working.
Japanese radar imaging company iQPS switched its launch plans to Rocket Lab earlier in 2023 after Virgin Orbit’s failure.
NorthStar Earth & Space switched its planned launches to Rocket Lab after Virgin Orbit’s failure and expected its satellites to launch on Electron before the end of 2023.
Rocket Lab is developing a larger Neutron rocket and targeted a first Neutron launch in late 2024.
Insurers estimate the Capella Space radar imaging satellite lost in the Rocket Lab Electron launch failure on 2023-09-19 will likely result in a claim of around $5,000,000.
Rocket Lab lowered its third-quarter 2023 revenue expectations by $6,000,000 to $10,000,000 on 2023-09-26, a week after a launch failure forced it to delay at least one future mission.
Rocket Lab reported $117,000,000 in revenue for the first half of 2023 and expects to make around $67,000,000 in revenue in the third quarter of 2023.
Rocket Lab’s earlier 2023 revenue forecast was $267 million, creating an $83,000,000 shortfall relative to its year-to-date and third-quarter expectations.
Rocket Lab opened an Engine Development Center in Long Beach, California and held a ribbon-cutting ceremony on 2023-10-04.
Rocket Lab previously estimated the value of the Long Beach facility and its contents at about $100,000,000.
Rocket Lab is investigating the 2023-09-19 Electron launch failure and has not provided a timetable for returning Electron to flight.
The Rocket Lab Engine Development Center occupies a 13,400-square-meter facility in Long Beach.
Completed Archimedes engines will undergo testing at NASA’s Stennis Space Center in Mississippi at the A-3 Test Stand where Rocket Lab is establishing a dedicated test facility.
Rocket Lab acquired the lease on the Long Beach building along with the machinery and equipment inside for $16,100,000 in a bankruptcy auction in May.
Rocket Lab took over the lease and acquired the former Virgin Orbit factory’s production assets, machinery, and equipment in May 2023 for $16,100,000.