Rocket Lab Brings Forward Milestone Recovery Mission
Portfolio Pulse from Happy Mohamed
Rocket Lab USA, Inc. (NASDAQ:RKLB) has announced plans to recover the first stage of its Electron rocket during its 40th mission, and launch a pre-flown Rutherford engine, accelerating its plans to make Electron the world's first reusable small orbital rocket. The mission will deploy a spacecraft for American space tech company Capella. The mission, 'We Love the Nightlife', was initially not destined to be a recovery mission, but was changed due to low ignitor pressure on a single engine during an initial launch attempt.
August 23, 2023 | 8:20 pm
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Rocket Lab's announcement of its plans to recover the first stage of its Electron rocket and launch a pre-flown Rutherford engine could potentially boost investor confidence in the company's technological capabilities and its commitment to reusability, which is a key factor in reducing launch costs.
Rocket Lab's announcement indicates its progress towards making its Electron rocket reusable, which is a significant milestone in the space industry. Reusability can significantly reduce launch costs, making the company more competitive. This could potentially attract more customers and increase revenues, positively impacting the company's stock price.
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