BlackSky Signs New Block Buy for Five Rocket Lab Launches
08 August 2023 - 10:16PM
Business Wire
BlackSky purchases another five Electron
launches, bringing the total number of Rocket Lab missions
contracted by the commercial satellite constellation operator to
eleven
Rocket Lab USA, Inc (Nasdaq: RKLB) (“Rocket Lab” or “the
Company”), a leading launch and space systems company, has today
announced it has signed another block buy deal for five Electron
launches with BlackSky (NYSE: BSKY), a leading provider of
real-time geospatial intelligence and global monitoring
services.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230808553964/en/
A Rocket Lab Electron rocket lift-off for
BlackSky (Photo: Business Wire)
Rocket Lab has launched six Electron missions for BlackSky since
2019, becoming the primary launch provider for BlackSky’s
constellation. With these five new launches added to the manifest,
BlackSky has contracted more Electron launches than any other
single commercial customer. The launches are expected to begin in
2024 from Rocket Lab’s Launch Complex 1 in Mahia, New Zealand.
“After four years of launching for BlackSky, we’re delighted to
continue our partnership with more dedicated launches on Electron,”
said Rocket Lab founder and CEO Peter Beck. “Building and
maintaining a constellation requires precision deployment to unique
orbits and a dependable launch schedule. We’re proud to deliver
this dependable and tailored capability launch after launch, year
after year.”
BlackSky’s next-generation Gen-3 satellites are designed to
produce images with up to 35-centimeter resolution. Increased
resolution and enhanced spectral diversity extend BlackSky’s
ability to provide real-time insights to its customers in a broad
set of conditions, including nighttime, low light and challenging
weather.
The new BlackSky launches join a busy Electron manifest in 2024
featuring missions for commercial constellation operators Capella
Space, Kinéis, Hawkeye 360, and Synspective, as well as a variety
of government missions.
+ About Rocket Lab
Founded in 2006, Rocket Lab is an end-to-end space company with
an established track record of mission success. We deliver reliable
launch services, satellite manufacture, spacecraft components, and
on-orbit management solutions that make it faster, easier and more
affordable to access space. Headquartered in Long Beach,
California, Rocket Lab designs and manufactures the Electron small
orbital launch vehicle and the Photon satellite platform and is
developing the Neutron 13-ton payload class launch vehicle. Since
its first orbital launch in January 2018, Rocket Lab’s Electron
launch vehicle has become the second most frequently launched U.S.
rocket annually and has delivered 170 satellites to orbit for
private and public sector organizations, enabling operations in
national security, scientific research, space debris mitigation,
Earth observation, climate monitoring, and communications. Rocket
Lab’s Photon spacecraft platform has been selected to support NASA
missions to the Moon and Mars, as well as the first private
commercial mission to Venus. Rocket Lab has three launch pads at
two launch sites, including two launch pads at a private orbital
launch site located in New Zealand and a third launch site in
Virginia, USA. To learn more, visit www.rocketlabusa.com.
+ FORWARD LOOKING STATEMENTS
This press release may contain certain “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995, Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements are based on Rocket Lab’s
current expectations and beliefs concerning future developments and
their potential effects. These forward-looking statements involve a
number of risks, uncertainties (many of which are beyond Rocket
Lab’s control), or other assumptions that may cause actual results
or performance to be materially different from those expressed or
implied by these forward-looking statements. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this press release, including risks
related to the global COVID-19 pandemic; risks related to
government restrictions and lock-downs in New Zealand and other
countries in which we operate that could delay or suspend our
operations; delays and disruptions in expansion efforts; our
dependence on a limited number of customers; the harsh and
unpredictable environment of space in which our products operate
which could adversely affect our launch vehicle and spacecraft;
increased congestion from the proliferation of low Earth orbit
constellations which could materially increase the risk of
potential collision with space debris or another spacecraft and
limit or impair our launch flexibility and/or access to our own
orbital slots; increased competition in our industry due in part to
rapid technological development and decreasing costs; technological
change in our industry which we may not be able to keep up with or
which may render our services uncompetitive; average selling price
trends; failure of our launch vehicles, spacecraft and components
to operate as intended either due to our error in design in
production or through no fault of our own; launch schedule
disruptions; supply chain disruptions, product delays or failures;
design and engineering flaws; launch failures; natural disasters
and epidemics or pandemics; changes in governmental regulations
including with respect to trade and export restrictions, or in the
status of our regulatory approvals or applications; or other events
that force us to cancel or reschedule launches, including customer
contractual rescheduling and termination rights; risks that
acquisitions may not be completed on the anticipated time frame or
at all or do not achieve the anticipated benefits and results; and
the other risks detailed from time to time in Rocket Lab’s filings
with the Securities and Exchange Commission (the “SEC”), including
under the heading “Risk Factors” in Rocket Lab’s Annual Report on
Form 10-K for the fiscal year ended December 31, 2022, which was
filed with the SEC on February 28, 2023, and elsewhere (including
that the impact of the COVID-19 pandemic may also exacerbate the
risks discussed therein). There can be no assurance that the future
developments affecting Rocket Lab will be those that we have
anticipated. Except as required by law, Rocket Lab is not
undertaking any obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20230808553964/en/
+ Rocket Lab Media Contact Morgan Bailey
media@rocketlabusa.com
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