WASHINGTON — Rocket Lab says it has signed the first customer for its Neutron launch vehicle as the company pushes towards a mid-2025 first launch o

Rocket Lab signs first Neutron launch customer

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2024-11-14 17:30:01

WASHINGTON — Rocket Lab says it has signed the first customer for its Neutron launch vehicle as the company pushes towards a mid-2025 first launch of the vehicle.

The company announced Nov. 12 that it signed a contract with an undisclosed “commercial satellite constellation operator” for two launches of Neutron, one in mid-2026 and the other in 2027, a deal that could lead to additional launches for the same customer.

“We see this agreement as an important opportunity that signifies the beginning of a productive collaboration that could see Neutron deploy this particular customer’s entire constellation,” Peter Beck, chief executive of Rocket Lab, said in an earnings call Nov. 12 to discuss the company’s third quarter financial results.

The company has taken a cautious approach to marketing Neutron. “Until a vehicle is proven and flying, any launch contract that you can sign is basically worthless,” Beck said in an earnings call a year ago. “I’d much rather arrive to the market with something that works, that commands a premium, than fill my manifest up with a whole bunch of low-value launches now.”

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