Rocket Lab gains after record deal for 10 electron launches with Synspective
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3 months ago
3DSculptor
- Rocket Lab USA (NASDAQ:RKLB) has signed the largest Electron launch agreement in the company’s history; a ten-launch deal with Japanese Earth observation company Synspective, sending shares up in early trade on Tuesday.
- Shares of Rocket Lab USA (RKLB) up +5.30% premarket to $4.57.
- The agreement was announced in Tokyo at an event attended by Rocket Lab founder and CEO Sir Peter Beck, Synspective founder and CEO Dr. Motoyuki Arai and New Zealand Prime Minister, the Right Honorable Christopher Luxon, who is in Japan with a business delegation to deepen ties and accelerate growth in technology and other sectors.
- In addition to the 10 new dedicated launches signed on Monday, another two launches for Synspective have already been booked and are scheduled for launch this year from Launch Complex 1 in New Zealand. The launches in the new deal will take place across 2025 – 2027.
- Source: Press Release