![]() ![]() Morgan Stanley estimated in 2020 that global space industry revenue would reach over $350 billion that year, soaring to more than $1 trillion in 2040. Why does Rocket Lab want to build a mega-constellation?įrom a revenue standpoint, the idea makes a lot of sense. Want to find out how Neutron could help with missions to Venus, why Rocket Lab is moving to an IPO now, and what it was really like to eat that hat? Subscribe to Musk Reads+ to read the full interview later this week. Although we've never really communicated it, it's always been the much longer-term goal here." "Our goal here is to go even further and integrate all that into one platform, where we can provide our own infrastructure that we put on orbit, we can provide data and services down on Earth. ![]() ![]() ![]() "We're not just stopping at launch, we're not just stopping at space systems," Beck says. Speaking with Inverse, he explains the longer-term goal is to use these tools to build out Rocket Lab's own infrastructure in orbit. New shares were issued at US$10.00 each.īut Beck dismissed the debut share price drop: "We are in this for the long haul.But Beck wants to go even further. In April last year, it acquired Canadian company Sinclair Interplanetary.Īfter an initial bump to $11.60 at its Nasdaq debut, the firm's shares dropped nearly 10%, settling at $10.43. Rocket Lab is also eyeing more acquisitions to help build scale for its space transport and space systems business. rocket annually and has delivered 105 satellites to orbit for private and public sector organisations.īeck said that while there are many competitors with more funding and time, Musk's Space X and Rocket Lab are the only ones delivering regular commercial space missions. The company’s Electron launch vehicle has become the second most frequently launched U.S. Rocket Lab, whose backers have included defense giant Lockheed Martin Corp (LMT.N), has launched over 100 satellites into space since 2006. "It's a life-finding mission, it's a high risk mission and the very first private mission to another planet," said Beck. The company is also leading a private mission to Venus in 2023, working with a leading science team that discovered a gas called Phosphine in the clouds of Venus last year. Rocket Lab was selected this year to develop a spacecraft for a NASA mission to Mars. We have spacecraft, launch pads and the team to do it." So I promised myself that if I ever had the chance to answer the question, which is fundamentally important to the way we think, I would have a crack. "That was the most mind-blowing moment in my young life. Growing up in Invercargill, a city near the southern tip of New Zealand’s South Island, he first got interested in space when his father pointed to the stars and said there could be someone watching him from there. "For me personally, the biggest question that I can possibly answer in my lifetime, and the biggest question for everybody on earth really comes down to are we the only life in the universe or not," Beck told Reuters from New Zealand after the listing. Rocket Lab agreed in March to go public through a merger with a blank-check firm backed by private equity firm Vector Capital, the latest in a series of space firm listings involving special purpose acquisition companies (SPAC). The small satellite launch firm, often compared to Tesla Inc (TSLA.O) CEO Elon Musk’s SpaceX, listed on the Nasdaq Composite (.IXIC) on Thursday with a market capitalisation of about $4.4 billion. WELLINGTON, Aug 26 (Reuters) - New Zealand entrepreneur Peter Beck said his space firm Rocket Lab (RKLB.O) was the result of a lifelong quest for signs of life outside earth, as the startup hit a new milestone with a Nasdaq listing on Thursday. ![]()
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