Mentioned:
The United States Space Force has just given Rocket Lab a new multi-launch contract. And it’s worth more than a quarter billion dollars.
What’s happening:
- Rocket Lab (NASDAQ: RKLB) has been awarded a new $266M USD multi-launch contract from the United States Space Force
Why it matters:
- This is the single largest launch contract that Rocket Lab has ever won
Going deeper:
- Rocket Lab will execute 12 suborbital launches as part of the contract awarded by the United States Space Force Space Systems Command’s Rocket Systems Launch Program
- The new launches for the United States Space Force will primarily take place from a new Rocket Lab location at the Pacific Spaceport Complex-Alaska located in Kodiak, Alaska
The intrigue:
- Rocket Lab just recently made major waves on Wall Street when they entered into a deal to acquire satellite communications company Iridium for roughly $8B USD
