Rocket Lab secures a multi-launch contract for 10 Electron missions with Synspective, totaling 21 upcoming satellite launches.
Quiver AI Summary
Rocket Lab Corporation has announced a second multi-launch contract with Japanese company Synspective for 10 dedicated Electron launches, increasing their total to 21 missions. This marks the largest order of dedicated Electron missions from a single customer. The contract secures the deployment of 21 StriX Synthetic Aperture Radar (SAR) satellites through to the end of the decade. Rocket Lab has been Synspective's sole launch provider so far, having successfully launched six StriX satellites from New Zealand. The continued partnership is based on Rocket Lab's reliable launch services and flexibility, essential for Synspective's satellite constellation development. Both companies emphasize the importance of this collaboration for advancing Synspective’s data platform and overall mission goals.
Potential Positives
- Rocket Lab has secured a second multi-launch contract with Synspective, increasing its total dedicated Electron launches for this customer to 21, marking the largest order of dedicated missions to date.
- This contract reinforces Rocket Lab's position as a leader in the small lift launch market, particularly in the international arena.
- Synspective has chosen Rocket Lab as its sole launch provider, demonstrating trust in Rocket Lab's reliability and operational capability for deploying SAR satellites.
- The successful track record of Electron and its ability to meet rapid timelines has made it the preferred launch vehicle for satellite operators, which could enhance Rocket Lab's reputation and attract more customers.
Potential Negatives
- Relying solely on a single customer, Synspective, for the majority of upcoming launches may pose a significant risk to Rocket Lab’s revenue stability and diversification strategy.
- The press release emphasizes a dependence on a single type of launch vehicle (Electron) with limited diversification in their launch portfolio, which could impact resilience against market fluctuations.
- Forward-looking statements indicate potential uncertainties and risks associated with Rocket Lab's future performance, which could concern investors regarding the company's growth prospects.
FAQ
What new contract did Rocket Lab announce with Synspective?
Rocket Lab announced a second multi-launch contract with Synspective for 10 additional dedicated Electron launches, totaling 21 missions.
How many StriX satellites are included in the contract?
The contract includes the launch of 21 StriX Synthetic Aperture Radar (SAR) satellites across multiple missions.
What distinguishes Electron in the launch market?
Electron is recognized for its reliability, rapid launch execution, and precision in satellite deployment, making it a preferred choice for operators.
Where will the upcoming Synspective launches take place?
All upcoming Synspective launches will occur from Rocket Lab Launch Complex 1 in New Zealand.
Who are the key executives mentioned in the release?
Key executives include Rocket Lab founder and CEO Sir Peter Beck, and Synspective founder and CEO Dr. Motoyuki Arai.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Wall Street analysts have issued reports on $RKLB in the last several months. We have seen 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
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Multiple analysts have issued price targets for $RKLB recently. We have seen 10 analysts offer price targets for $RKLB in the last 6 months, with a median target of $50.0.
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- Ryan Koontz from Needham set a target price of $55.0 on 09/03/2025
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- Jason Gursky from Citigroup set a target price of $50.0 on 07/14/2025
- Anthony Valentini from Goldman Sachs set a target price of $27.0 on 06/30/2025
Full Release
LONG BEACH, Calif., Sept. 29, 2025 (GLOBE NEWSWIRE) -- Rocket Lab Corporation (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced it has secured a second multi-launch contract with Synspective, a leading Synthetic Aperture Radar (SAR) satellite data and analytics company from Japan. The new contract for a further 10 dedicated Electron launches brings the total number of upcoming Synspective missions to 21 – marking the largest order of dedicated Electron missions with a single customer to date.
Following the first launch agreement announced in June 2024 , this second multi-launch contract within 18 months further solidifies Electron’s international expansion and leadership of the small lift launch market globally. This latest contract secures the launch of 21 StriX SAR satellites across multiple missions through to the end of the decade.
Rocket Lab has been Synspective’s sole launch provider to-date, successfully deploying six StriX satellites across six dedicated launches from Rocket Lab Launch Complex 1 in New Zealand. The next 21 Synspective launches will take place from the same launch site, with Rocket Lab’s schedule flexibility, tailored launch service, and streamlined operations central to Synspective’s decision to extend its previous multi-launch contract.
Rocket Lab founder and CEO, Sir Peter Beck, says: “Regular and reliable launch on a flexible schedule is essential to the build out of Synspective’s constellation, and Electron has been integral to this from the start as the sole launcher of all StriX satellites in space today. It’s an honor to add another 10 StriX satellites to Electron’s launch manifest and continue our long-standing partnership with Synspective.”
Synspective founder and CEO, Dr. Motoyuki Arai, said: “Rocket Lab’s precision and track record have consistently enabled us to stay on schedule and achieve our mission objectives. As we move forward with 21 launches, our continued collaboration is crucial to accelerating the deployment of our SAR satellites and the growth of our data platform.”
Electron’s reliability, proficiency at executing against rapid timelines, and satellite deployment accuracy to within meters of its target, has made it the commercial launch vehicle of choice for satellite operators wanting to build out their constellations with precision. The majority of Electron launches this year have either been the continuation of multi-launch contracts with commercial constellation customers, or have completed the entire deployment of a constellation in less than a year .
Rocket Lab Media Contact
Murielle Baker
[email protected]
Synspective Media Contact
Natsumi Anan(阿南菜摘)
[email protected]
About Synspective
Synspective Inc., founded in 2018, develops and operates Synthetic Aperture Radar (SAR) satellites, providing SAR data and analytics solutions. We aim to develop a constellation of 30 SAR satellites by the late 2020s, enabling the creation of a new system that can observe changes anywhere on Earth. With a SAR satellite constellation that enables high-frequency and high-resolution Earth observation, Synspective delivers satellite data and various analytics solutions for disaster response and management, national security, and environmental monitoring.
https://synspective.com
About Rocket Lab
Rocket Lab is a leading space company that provides launch services, spacecraft, payloads and satellite components serving commercial, government, and national security markets. Rocket Lab’s Electron rocket is the world’s most frequently launched orbital small rocket; its HASTE rocket provides hypersonic test launch capability for the U.S. government and allied nations; and its Neutron launch vehicle in development will unlock medium launch for constellation deployment, national security and exploration missions. Rocket Lab’s spacecraft and satellite components have enabled more than 1,700 missions spanning commercial, defense and national security missions including GPS, constellations, and exploration missions to the Moon, Mars, and Venus. Rocket Lab is a publicly listed company on the Nasdaq stock exchange (RKLB). Learn more at
www.rocketlabcorp.com
.
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 “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). 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 “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “strategy,” “future,” “could,” “would,” “project,” “plan,” “target,” 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, 2024, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at
www.sec.gov
and the Investor Relations section of our website at
www.rocketlabcorp.com
, 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’s 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.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4757145b-ce25-4c87-9dd9-f5573aa12152