Rocket Lab Successfully Deploys Satellite for Synspective, Caps Off Year with 60% Increase in Launches YoY
Rocket Lab (RKLB) successfully completed its 16th launch of 2024, deploying a satellite for Japanese Earth-observation company Synspective from Launch Complex 1 in New Zealand. This mission, dubbed 'Owl The Way Up,' marks the sixth launch for Synspective out of 16 total launches booked on Electron.
The company achieved a significant 60% increase in launch cadence year-over-year, up from 10 missions in 2023, while maintaining a 100% mission success rate throughout 2024. Notable achievements included missions for NASA, the NRO, commercial constellation deployments, and a world-first launch of two missions from different hemispheres within 24 hours.
The StriX satellite deployment continues Rocket Lab's role as Synspective's sole launch provider since December 2020. The next Electron launch is scheduled for Q1 2025.
Rocket Lab (RKLB) ha completato con successo il suo 16掳 lancio del 2024, effettuando il dispiegamento di un satellite per la compagnia giapponese di osservazione della Terra Synspective dal Launch Complex 1 in Nuova Zelanda. Questa missione, denominata 'Owl The Way Up', segna il sesto lancio per Synspective su un totale di 16 lanci prenotati su Electron.
La compagnia ha raggiunto un incremento significativo del 60% nella cadenza di lanci anno dopo anno, passando da 10 missioni nel 2023, mantenendo un tasso di successo del 100% in tutte le missioni del 2024. Tra i risultati notevoli ci sono state missioni per la NASA, la NRO, dispiegamenti di costellazioni commerciali, e un lancio mondiale senza precedenti di due missioni da emisferi diversi nell'arco di 24 ore.
Il dispiegamento del satellite StriX continua il ruolo di Rocket Lab come unico fornitore di lanci per Synspective dal dicembre 2020. Il prossimo lancio di Electron 猫 programmato per il primo trimestre del 2025.
Rocket Lab (RKLB) complet贸 con 茅xito su d茅cimo sexto lanzamiento de 2024, desplegando un sat茅lite para la empresa japonesa de observaci贸n de la Tierra Synspective desde el Launch Complex 1 en Nueva Zelanda. Esta misi贸n, denominada 'Owl The Way Up', marca el sexto lanzamiento para Synspective de un total de 16 lanzamientos reservados en Electron.
La compa帽铆a logr贸 un aumento significativo del 60% en la cadencia de lanzamientos a帽o tras a帽o, subiendo desde 10 misiones en 2023, mientras manten铆a una tasa de 茅xito del 100% a lo largo de 2024. Los logros notables incluyeron misiones para la NASA, la NRO, despliegues de constelaciones comerciales, y un lanzamiento mundial sin precedentes de dos misiones desde diferentes hemisferios en 24 horas.
El despliegue del sat茅lite StriX contin煤a el papel de Rocket Lab como 煤nico proveedor de lanzamientos de Synspective desde diciembre de 2020. El pr贸ximo lanzamiento de Electron est谩 programado para el primer trimestre de 2025.
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Rocket Lab (RKLB) a r茅alis茅 avec succ猫s son 16猫me lancement de 2024, d茅ployant un satellite pour la soci茅t茅 japonaise d'observation de la Terre Synspective depuis le Launch Complex 1 en Nouvelle-Z茅lande. Cette mission, intitul茅e 'Owl The Way Up', marque le sixi猫me lancement pour Synspective sur un total de 16 lancements r茅serv茅s sur Electron.
La soci茅t茅 a r茅alis茅 une augmentation significative de 60 % de sa cadence de lancements d'une ann茅e sur l'autre, passant de 10 missions en 2023, tout en maintenant un taux de r茅ussite de 100 % tout au long de l'ann茅e 2024. Les r茅alisations notables comprenaient des missions pour la NASA, la NRO, des d茅ploiements de constellations commerciales et un lancement mondial record de deux missions depuis des h茅misph猫res diff茅rents dans les 24 heures.
Le d茅ploiement du satellite StriX continue de renforcer le r么le de Rocket Lab en tant que fournisseur exclusif de lancements pour Synspective depuis d茅cembre 2020. Le prochain lancement d'Electron est pr茅vu pour le premier trimestre 2025.
Rocket Lab (RKLB) hat erfolgreich seinen 16. Start des Jahres 2024 abgeschlossen und einen Satelliten f眉r das japanische Erdbeobachtungsunternehmen Synspective vom Launch Complex 1 in Neuseeland eingesetzt. Diese Mission mit dem Titel 'Owl The Way Up' ist der sechste Start f眉r Synspective von insgesamt 16 gebuchten Starts auf Electron.
Das Unternehmen erzielte einen signifikanten Anstieg der Startfrequenz um 60% im Vergleich zum Vorjahr, verglichen mit 10 Missionen im Jahr 2023, und hielt w盲hrend des gesamten Jahres 2024 eine Erfolgsquote von 100%. Zu den bemerkenswerten Leistungen geh枚rten Missionen f眉r die NASA, die NRO, kommerzielle Satellitengruppen und ein weltweiter Rekordstart von zwei Missionen aus verschiedenen Hemisph盲ren innerhalb von 24 Stunden.
Der Einsatz des StriX-Satelliten setzt die Rolle von Rocket Lab als alleiniger Anbieter von Starts f眉r Synspective seit Dezember 2020 fort. Der n盲chste Electron-Start ist f眉r das erste Quartal 2025 geplant.
- 60% increase in annual launches (16 in 2024 vs 10 in 2023)
- 100% mission success rate maintained throughout 2024
- Secured long-term customer relationship with Synspective (16 launches booked)
- Demonstrated operational capability with two launches in different hemispheres within 24 hours
- None.
Insights
The successful completion of Rocket Lab's 16th launch for 2024 marks a pivotal achievement in the small satellite launch sector. The 60% year-over-year increase in launch cadence, rising from 10 to 16 missions, demonstrates remarkable operational scalability and market demand. The consistent 100% mission success rate throughout 2024 significantly strengthens RKLB's competitive position in the commercial space launch market.
The continued partnership with Synspective, now at 6 launches out of 16 contracted missions, indicates strong customer retention and reliable revenue streams. This steady flow of constellation deployment contracts is particularly valuable in the space industry, where long-term customer relationships drive sustainable growth. The successful execution of rapid-succession launches, including the milestone of two missions from different hemispheres within 24 hours, showcases operational excellence that could attract premium pricing power.
Looking ahead, the planned introduction of the Neutron rocket positions RKLB to capture market share in the medium-lift segment, potentially expanding their addressable market significantly. The diverse customer base, including NASA, NRO and commercial operators, provides revenue diversification and reduces dependency on any single client sector.
The operational metrics revealed in this announcement carry substantial implications for RKLB's financial trajectory. The 60% increase in launch frequency directly correlates with potential revenue growth, assuming stable pricing. With a market cap of
The perfect mission success rate in 2024 is particularly important for maintaining insurance costs and protecting profit margins. The expansion of services to include HASTE missions and the upcoming Neutron rocket suggests multiple revenue diversification opportunities. The stable relationship with Synspective, evidenced by their continued exclusive launch partnership, provides predictable revenue streams - a valuable asset in the space industry where contract stability is paramount.
The company's ability to execute dual-hemisphere launches within 24 hours demonstrates operational efficiency that could lead to improved asset utilization and better cost absorption. This operational leverage could translate into margin expansion as fixed costs are distributed across a higher number of launches.
The mission was Rocket Lab鈥檚 16th launch for the year and sixth launch to date for Japanese Earth-observation company Synspective
MAHIA,
Rocket Lab successfully launches its 16th Electron rocket of the year, deploying a satellite to orbit for Japanese constellation operator Synspective. (Photo: Business Wire)
The 鈥淥wl The Way Up鈥� mission lifted off from Rocket Lab Launch Complex 1 in Mahia,
Rocket Lab founder and CEO, Sir Peter Beck, says: 鈥淢ission success once again for Synspective, capping off our busiest launch year to date. We look forward to continuing to increase our launch cadence in the new year as we strengthen Electron鈥檚 position as the leading small rocket globally, and also enter the medium launch market with Neutron鈥檚 debut. In 2024 we launched missions for NASA, the NRO, deployed multiple missions for commercial constellation operators like Synspective, launched suborbital HASTE missions advancing hypersonic flight test capability, and to top it all off, we achieved a world first by launching two missions from two different hemispheres in less than 24 hours. Thank you and congratulations to the Rocket Lab team, our customers, and our mission partners for another stellar year.鈥�
Rocket Lab launched 16 missions in 2024, besting the Company鈥檚 previous annual launch record of 10 missions, achieved in 2023 and representing a launch cadence increase of
Rocket Lab Images and Videos:
Launch webcast:
About Synspective鈥檚 constellation:
Synspective's small SAR satellites, StriX, are equipped with a synthetic aperture radar (SAR) sensor, which can observe the Earth's surface in any weather condition day or night. Not affected by clouds or rainSAR is suitable for persistent monitoring of disasters and detailed changes to secure critical infrastructure and other facilities. Example use cases include:
- detecting anomalies in road, rail, energy and other infrastructure, resulting in lower maintenance costs and accident risk,
- monitoring crop growth conditions and analyzing soil and vegetation health to help reduce costs and increase efficiency for farmers,
- detecting illegal logging and fishing in the most remote parts of the world,
- providing rapid damage assessment after flooding, landslides and volcanic eruptions, as well as risk assessment for land subsidence,
- enabling the persistent monitoring of maritime traffic, border activities and other potential security threats, and advances maritime domain awareness,
- analyzing tree cover to calculate CO2 absorption and carbon credits.
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
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward looking statements contained in Section 27A of the Securities Act of 1933, as amended (the 鈥淪ecurities Act鈥�) and Section 21E of the Securities Exchange Act of 1934, as amended (the 鈥淓xchange Act鈥�). All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our launch and space systems operations, launch schedule and window, safe and repeatable access to space, Neutron development, operational expansion and business strategy are forward-looking statements. The words 鈥渂elieve,鈥� 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渆stimate,鈥� 鈥減otential,鈥� 鈥渃ontinue,鈥� 鈥渁nticipate,鈥� 鈥渋ntend,鈥� 鈥渆xpect,鈥� 鈥渟trategy,鈥� 鈥渇uture,鈥� 鈥渃ould,鈥� 鈥渨ould,鈥� 鈥減roject,鈥� 鈥減lan,鈥� 鈥渢arget,鈥� and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the 鈥淪EC鈥�), accessible on the SEC鈥檚 website at and the Investor Relations section of our website at , which could cause our actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management鈥檚 estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.
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Rocket Lab Media Contact
Morgan Connaughton
media@rocketlabusa.com
Source: Rocket Lab USA, Inc.
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