logo
Rocket Lab Successfully Launches Third Mission for iQPS in Multi-Launch Contract, Sets Schedule For the Next iQPS Mission

Rocket Lab Successfully Launches Third Mission for iQPS in Multi-Launch Contract, Sets Schedule For the Next iQPS Mission

MAHIA, New Zealand--(BUSINESS WIRE)--May 17, 2025--
Rocket Lab USA, Inc. (Nasdaq: RKLB) ('Rocket Lab' or 'the Company'), a global leader in launch services and space systems, today successfully launched its third mission for Japanese customer, Institute for Q-shu Pioneers of Space, Inc. (iQPS).
'The Sea God Sees' mission successfully launched on Electron from Rocket Lab Launch Complex 1 in Mahia, New Zealand at 8:17 p.m. NZT on May 17th, 2025. The mission carried iQPS' QPS-SAR-10, a synthetic aperture radar (SAR) Earth-imaging satellite, to a 575km low Earth orbit, where it was deployed as part of iQPS' growing constellation. The mission was launched just weeks' after Rocket Lab's previous launch for iQPS was deployed on March 15, 2025 – demonstrating frequent, reliable, and dedicated small orbital launch for satellite operators with 100% mission success in 2025.
Today's mission was the third overall launch for iQPS and the second in a multi-launch contract to launch eight missions for the company in 2025 and 2026. Four more launches are scheduled for launch this year, with the remaining two scheduled for 2026. Rocket Lab's next mission for iQPS is scheduled to launch in less than a month's time, from no earlier than June 2025.
Rocket Lab founder and CEO, Sir Peter Beck, says: 'Another fantastic launch by the Electron team to flawlessly deliver another iQPS mission to orbit. Constellation deployment requires a reliable rocket with pinpoint orbital deployment accuracy that allows for the seamless integration of the latest spacecraft to the constellation – and that's exactly the service Electron continues to provide as the global leading launcher for small satellite missions. With another mission lined up with iQPS in just a few short weeks, we're looking forward to supporting their constellation with multiple missions this year and next.'
iQPS CEO, Dr. Shunsuke Onishi, says: 'We are truly delighted to have successfully launched our 10th satellite, 'WADATSUMI-I,' into orbit just two months after the launch of our QPS-SAR-9 'SUSANOO-I.' This achievement is a remarkable milestone to the outstanding technical capabilities of our development team, and we are deeply grateful to Rocket Lab team for enabling such a precise and agile launch. With more Electron launches ahead, we're more committed than ever to accelerating the buildout of our satellite constellation, and we look forward to continuing this powerful partnership.'
Launch images:https://www.flickr.com/photos/rocketlab/albums/72177720326183963
Launch webcast: https://www.youtube.com/watch?v=5ikgtJOeDW4
About Rocket Lab
Founded in 2006, Rocket Lab is an end-to-end space company with an established track record of mission success. We deliver reliable launch services, satellite manufacture, spacecraft components, and on-orbit management solutions that make it faster, easier, and more affordable to access space. Headquartered in Long Beach, California, Rocket Lab designs and manufactures the Electron small orbital launch vehicle, a family of flight-proven spacecraft, and the Company is developing the large Neutron launch vehicle for constellation deployment. Since its first orbital launch in January 2018, Rocket Lab's Electron launch vehicle has become the second most frequently launched U.S. rocket annually and has delivered more than 200 satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. Rocket Lab's Photon spacecraft platform has been selected to support NASA missions to the Moon and Mars, as well as the first private commercial mission to Venus. Rocket Lab has three launch pads at two launch sites, including two launch pads at a private orbital launch site located in New Zealand and a third launch pad in Virginia. To learn more, visit www.rocketlabusa.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward looking statements contained in Section 27A of the Securities Act of 1933, as amended (the 'Securities Act') and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our launch and space systems operations, launch schedule and window, safe and repeatable access to space, Neutron development, operational expansion and business strategy are forward-looking statements. The words 'believe,' 'may,' 'will,' 'estimate,' 'potential,' 'continue,' 'anticipate,' 'intend,' 'expect,' 'strategy,' 'future,' 'could,' 'would,' 'project,' 'plan,' 'target,' and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the 'SEC'), accessible on the SEC's website at www.sec.gov and the Investor Relations section of our website at www.rocketlabusa.com, which could cause our actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250517892653/en/
CONTACT: Rocket Lab Media Contact
Murielle Baker
[email protected]
KEYWORD: AUSTRALIA/OCEANIA UNITED STATES JAPAN NEW ZEALAND NORTH AMERICA ASIA PACIFIC CALIFORNIA
INDUSTRY KEYWORD: TECHNOLOGY AEROSPACE MANUFACTURING SATELLITE
SOURCE: Rocket Lab USA, Inc.
Copyright Business Wire 2025.
PUB: 05/17/2025 05:43 AM/DISC: 05/17/2025 05:42 AM
http://www.businesswire.com/news/home/20250517892653/en

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Satellite measures river flow waves for the first time
Satellite measures river flow waves for the first time

Washington Post

time5 hours ago

  • Washington Post

Satellite measures river flow waves for the first time

Long river waves, known as flow waves, have been measured by satellite for the first time, researchers announced May 14, a breakthrough that could expand understanding of river dynamics, floods and the other hazards sometimes present when the waves form. In a study in Geophysical Research Letters, the researchers found that the long waves can be spotted and studied using data from a NASA-French space agency satellite designed to study Earth's water.

'Reformer pilates is the top-searched fitness trend — and we're reinventing it'
'Reformer pilates is the top-searched fitness trend — and we're reinventing it'

Yahoo

time11 hours ago

  • Yahoo

'Reformer pilates is the top-searched fitness trend — and we're reinventing it'

When Yvette McGaffin visited her brother's workplace at McLaren headquarters in Woking several years ago, seeing the sleek design of a Formula 1 car up close sparked reimagination of how she viewed the 100-year-old movement technique in pilates. Founded in 2018 by McGaffin, a New Zealand native, and her husband Neal, Reform RX set out to create a world-first pilates reformer entwined with "functionality, connectivity and instructor talent". A world away from the traditional reformer of exposed springs, pulleys and a wooden frame, the Belfast-based company pioneered technology for the first time. It allows data to be tracked during workouts and gives real time biometric feedback to consumers. Read More: How Caroline's Circuits became a midlife fitness empire A functional movement specialist and pilates expert over the last 20 years, McGaffin founded her own boutique Reform Studios in 2015, where she had trained Game of Thrones producer Bernadette Caulfield for several years before dawn. Spotting a gap in the luxury home-fitness market, she then took the F1 concept to Austin Owens, who runs Hertfordshire-based Grove Design. Owens, who along with Caulfield has since invested in the company, brought the design brief to life with a "smart spine" on the reformer — 'where we house the magic,' says McGaffin — which can track the power movement of the sliding carriage to a thousandth of a second. 'We have reinvented not only the technological side, but physically we had a concept F1 car design with what could only be called a torture chamber of a traditional pilates reformer,' says McGaffin. 'It looks a little scary, to say the least, and so it was about how do we make this look like this [the F1 brief]. 'We've made it more beautiful and more aesthetically pleasing so we can very much lower the barrier of entry.' Read More: 'Why we set up a sustainable mobile operator to save people money' Last year, Reform RX secured £3.8m ($5.1m) in funding and was recently purchased for an undisclosed sum by iFIT Inc, a US-based connected fitness equipment specialist, as the McGaffins look towards further global expansion. The acquisition is the culmination of a creative career for McGaffin, who studied performing arts in Sydney, moved to London when she was 21 and undertook a dance career in both commercial and contemporary dance before honing her current craft in studios across the globe. 'It's really been a labour of love,' she says, 'to not only come into the next generation with tech, but also creating something that was more durable, more sustainable, in the class studio environments and coming into health clubs, hotels and homes.' Reform RX has partnered with hotel chains including Hilton (HLT), Waldorf Astoria and Mandarin Oriental (MDO.L), and has studio partners in 13 countries. Meanwhile the industry has seen significant growth in recent years and, says McGaffin, is the most searched fitness trend due to its links with wellness and longevity. Read More: Meet the company that finds 'must-haves' to make everyday life easier There have been logistical start-up challenges, not least post-COVID when Reform RX sold out of its first 500 unit order and had every supply chain component ready to go into manufacturing before a global chip shortage took hold. 'You might think with a pilates equipment company that doesn't matter, but when you're the first tech inspired next generation company, it very much does. And we had a six-month wait on the chip that we needed.' Nevertheless, the company generated $1m (£740,000) in revenue within two weeks of launch and sold out of its initial product line in the first quarter of 2023. Its products cost from £7,350 and count Sir Ian McKellen and unnamed Hollywood A-listers among customers. 'When you're on a reformer, the good, bad and the ugly in our lives fall away,' says McGaffin. 'It becomes this completely immersive experience where you're connected with your mind and to your body, and you even enter into your parasympathetic nervous system, which is such a wonderful thing, almost like a sense of meditation, but in a mindful movement way.' Read more: Meet the 'jokers from London' who sold 100,000 blocks of butter in first 10 weeks 'My sofa took six months to arrive — so I built a £20m business' 'I paid myself £4 an hour to get my Rollr deodorant off the ground'Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Veteran trader makes bold move with Palantir, Rocket Lab and SoFi
Veteran trader makes bold move with Palantir, Rocket Lab and SoFi

Yahoo

time14 hours ago

  • Yahoo

Veteran trader makes bold move with Palantir, Rocket Lab and SoFi

Veteran trader makes bold move with Palantir, Rocket Lab and SoFi originally appeared on TheStreet. Admiral Ackbar knew when it was time to bail. The amphibious military commander of the Rebel Alliance achieved meme immortality when he uttered the fateful phrase "It's a trap!" in "Star Wars: Return of the Jedi," after learning that the Death Star was fully operational and open for murderous business. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 TheStreet Pro's Stephen Guilfoyle isn't so sure. While the veteran trader doesn't have to contend with a planet-destroying space station, he does invest in stocks, which on some days can be scary enough to make Darth Vader cry for his mommy. Guilfoyle, whose career dates back to the floor of the New York Stock Exchange in the 1980s, invoked the Ackbar meme in a recent column following the stock market rally on May 29. "Is this a trap?" he asked. "The answer is definitely 'maybe.'" Stocks surged after the Court of International Trade struck down President Donald Trump's sweeping tariff agenda on the grounds that he had overstepped his authority. A federal appeals court quickly paused the decision. "That certainly tempered any enthusiasm that had existed, though I must say that most human traders had expected a quick appeal," Guilfoyle said. "The early-morning surge had something of a hollow, algorithm-driven feel to it." As far as trading goes, well, Guilfoyle did something he doesn't usually do: He took some money off the table without reaching specific levels. More Palantir Palantir gets great news from the Pentagon Wall Street veteran doubles down on Palantir Palantir bull sends message after CEO joins Trump for Saudi visit "I did not cancel any target prices and still have large, long positions in several of my favorite names, but I used late-afternoon and after-hours strength and took an extra round of profit-taking across some of my beloved 'Stocks Under $10' plays, namely Palantir Technologies, Rocket Lab USA, and SoFi Technologies." So what's going on with these companies? Well, the Trump administration is expanding Palantir's () work with the federal government, according to The New York Times. The big-data-analytics-software provider has received more than $113 million in federal spending since Trump took office, including additional funds from current contracts as well as new ones with the Department of Homeland Security and the Pentagon. These do not include a $795 million contract that the Department of Defense awarded the company last week. That money has not been spent. At least three members of Elon Musk's Department of Government Efficiency formerly worked at Palantir, the Times said, while two others worked at companies founded by the billionaire investor Peter Thiel, one of Palantir's founders. Fannie Mae () , or Federal National Mortgage Association, said it launched its AI-powered Crime Detection Unit in partnership with Palantir. CEO Alex Karp said that the mortgage fraud detection could be done in a way that 'protects the underlying data and protects the privacy of the people submitting their forms," CNBC reported. Roth Capital analyst Suji Desilva on May 28 raised the investment firm's price target on Rocket Lab () to $35 from $25 and affirmed a buy rating on the shares, according to The Fly. Desilva cited the aerospace company's planned acquisition of privately held Geost, a sensor-payload vendor that targets primarily critical national security said he was encouraged by Rocket Lab's portfolio expansion while it drives both diversification and increased opportunity to offer integrated solutions. Stifel analyst Erik Rasmussen, also encouraged by the Geost acquisition, boosted his price target on Rocket Lab to $34 from $29 and maintained a buy rating. Rasmussen noted the deal's strategic rationale as Rocket Lab is acquiring key technologies to enter the satellite-payload segment, "creating a new category and positioning the company as a disruptor for national security space." SoFi, which has seen its stock climbing recently, beat Wall Street's first-quarter-earnings forecasts last month largely due to strong demand for its loans from both borrowers and investors. The company raised its full-year guidance. Guilfoyle is also watching the University of Michigan's May revision to its Consumer Sentiment Survey. Several other economic reports are due as well, including the Chicago PMI, the PCE Price Index and wholesale inventories. And he just might take some profits from BlackBerry () and Peloton Interactive () , "as we also have nice gains to protect in those names." "Before anyone panics, I repeat, I remain long all of these names in decent size," he said. "I have not changed target prices for any of them. This is just risk management." "These shares can always be added back if I am wrong," Guilfoyle explained. "Aside from a heavy slate of macro this morning, there are some obvious bumps in the road developing."Veteran trader makes bold move with Palantir, Rocket Lab and SoFi first appeared on TheStreet on May 30, 2025 This story was originally reported by TheStreet on May 30, 2025, where it first appeared. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store