Mentioned:
Rocket Lab has just landed their largest commercial Electron launch contract. And a Japanese satellite company is behind it.
What’s happening:
- Rocket Lab (NASDAQ: RKLB) has entered into a new 20-launch Electron deal with Japanese satellite operator Synspective
Why it matters:
- The new deal with Synspective is Rocket Lab’s largest ever commercial contract for Electron launches
Going deeper:
- Rocket Lab will launch Synspective’s StriX synthetic aperture radar satellites to sun-synchronous orbit to expand their constellation for rapid, all weather Earth imaging
- Synspective’s largest customer is Japan’s Ministry of Defense who is using their radar satellites for continuous military surveillance
The fine print:
- Rocket Lab has not yet publicly disclosed the financial terms of their new deal with Synspective
