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It's Business Time at Rocket Lab

Press Release From: RocketLab
Posted: Tuesday, March 13, 2018

US orbital launch provider Rocket Lab has today confirmed its next launch will be the company’s first fully commercial flight. Two Lemur-2 cubesats for launch customer Spire Global will be on board the upcoming launch, with the full manifest to be confirmed in coming weeks.
 
The flight’s name was put to a vote on social media, with “It’s Business Time” coming out as a clear fan favorite and a continuation of company’s previous flight names, “It’s a Test” and “Still Testing”. 
 
Rocket Lab founder and CEO Peter Beck says “It’s Business Time” highlights Rocket Lab’s agile approach to responsive space. The launch has been manifested just weeks out from launch, rather than the many months or years it can typically take under existing launch models.
 
“We came at the challenge of opening access to space from a new perspective. Building to tail numbers and tailoring a vehicle to the payload is a rigid and slow way of getting satellites on orbit. As the satellite industry continues to innovate at break-neck pace and the demand for orbital infrastructure grows, we’re there with a production line of Electron vehicles ready to go and a private launch site licensed for flight every 72 hours. Launch will no longer be the bottleneck that slows innovation in space,” he says.  
 
“We always set out to test a launch vehicle that was as close to production-ready as possible. To complete a test program so quickly and be flying commercial customers is a great feeling. It’s business time,” Mr Beck adds.
 
Rocket Lab’s third Electron vehicle will be shipped to Launch Complex 1 on New Zealand’s Māhia Peninsula in coming weeks, where final checkouts will be completed ahead of the “It’s Business Time” launch.
 
This year Rocket Lab is increasing its launch cadence and scaling up production of the Electron launch vehicle to meet a growing manifest. The company aims to produce 100 Rutherford engines in 2018 from its three-acre headquarters and production facility in Huntington Beach, California. More than 30 engines have already been completed and are undergoing integration onto Electron vehicles.
 
Rocket Lab’s first test launch, “It’s a Test,” was completed in May 2017, with the second test, “Still Testing,” taking place in January 2018. This flight successfully reached orbit, deployed commercial customer payloads for Planet and Spire Global and circularized an orbit using a previously unannounced kick stage.
 
For real-time updates in the lead up to “It’s Business Time”, follow Rocket Lab on Twitter @RocketLab
 
Media Contact:
Morgan Bailey | (+64) 27 538 9039 | morgan@rocketlabusa.com
 
Images and video content:
www.rocketlabusa.com/gallery/
 
About Rocket Lab:
Rocket Lab’s mission is to revolutionize the way we access space by developing and launching advanced rockets to put small payloads into orbit frequently and at a fraction of the cost of cumbersome traditional launch services. On January 21 2018, Rocket Lab reached orbit with the launch of the Electron vehicle and successfully deployed the company’s first commercial payloads. It marked a significant milestone in eliminating commercial barriers and ushering in a new era of unprecedented access to space. Founded in 2006 by Peter Beck, Rocket Lab is headquartered in Los Angeles with operations and a launch site in New Zealand. It is a privately funded company with investors including Khosla Ventures, Bessemer Venture Partners, DCVC (Data Collective), Lockheed Martin, Promus Ventures and K1W1.

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