BlackSky announced March 25 it signed an agreement with Rocket Lab to launch eight satellites before the end of 2021.
The SPAC boom has reshaped the space startup sector. Until recently, there was plenty of capital flowing into startups but few exits. SPACs offer, in some sense, the best of both options: an influx of capital associated with going public, but without the overhead of a traditional IPO.
A growing realization of the need for a medium-class launch vehicle led Rocket Lab to speed up its plans to go public by merging with a special-purpose acquisition company (SPAC).
Rocket Lab, a developer of launch vehicles and smallsats, will merge with a special-purpose acquisition company (SPAC) to support development of a larger launch vehicle, part of the latest wave of deals to take space companies public.
The experimental spacecraft named Gunsmoke-J is one of seven satellites that will lift off from New Zealand in mid-March in Rocket Lab’s 19th Electron launch.
SpaceX is seeing strong demand for its dedicated smallsat rideshare missions, a program that is putting pricing pressure on small launch vehicle developers.
Rocket Lab successfully launched a communications satellite for German company OHB Group Jan. 20 in the first Electron mission of the year.
Virgin Orbit has rescheduled its second orbital launch attempt for Jan. 10 as another small launch vehicle company, Rocket Lab, announces plans for its first launch of 2021.
Rocket Lab successfully launched the first satellite for a Japanese radar imaging startup, concluding a roller-coaster year for the small launch vehicle company.
Rocket Lab says its attempt to recover the first stage from its latest Electron launch was a “complete success,” but that the company still has work to do before it’s ready to attempt to reuse the stage.
Rocket Lab launched its Electron rocket Nov. 19, placing nearly 30 smallsats in orbit while making its first attempt to recover the rocket’s first stage.