Spice and Peter Beck, Rocket Lab’s chief executive, cited as one example the Feb. “People can talk about pipeline all day long, but it’s really all about backlog.” “We’re very encouraged by the backlog growth,” said Adam Spice, chief financial officer of Rocket Lab, during a conference call with analysts. That backlog grew from $82 million at the end of 2020 to $241 million at the end of 2021 and $545 million as of the earnings announcement. The company, though, reported a net loss of $117.8 million, compared to a net loss of $55 million in 2020.Įxecutives emphasized a growing backlog of business that includes not just launch orders but also satellites and satellite components. The company reported $62.2 million in revenue in 2021, an increase of 77% over 2020.
While the launch was in progress, the company released its financial results for 2021. “With that we’ve been able to double our operational capacity, all on a concrete area smaller than the average tennis court.” That shared infrastructure includes a vehicle hangar and range control center. Its systems and layout replicates Pad A and shares much of Pad A’s infrastructure,” said Shaun d’Mello, vice president of launch at Rocket Lab, in a statement about the new pad. Having two pads, the company says, provides schedule flexibility as well as the ability to conduct consecutive launches quickly. The launch was the first to use Pad B, a second pad Rocket Lab built at its New Zealand launch site. “With the successful insertion of our second SAR satellite, we will be able to improve our technology for operating multiple satellites and strengthen our data services,” Motoyuki Arai, chief executive of Synspective, said in a statement. Rocket Lab launched the company’s first satellite, StriX α, in December 2020, and this launch was the first in a three-launch contract signed in late 2021.
Rocket lab wallops series#
The satellite, placed into a 561-kilometer sun-synchronous orbit, is the second in a series of up to 30 satellites proposed by Synspective to collect synthetic aperture radar (SAR) imagery. The rocket deployed its payload, the StriX β satellite for Japanese company Synspective, nearly an hour later. Eastern from Pad B at the company’s Launch Complex 1 in New Zealand. The Electron rocket lifted off at 3:37 p.m. 28, placing a Japanese radar imaging satellite into orbit at the same time the company released its financial results and selected Virginia for a rocket factory.
WASHINGTON - Rocket Lab carried out its first Electron launch of the year Feb.
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