California firm Rocket Lab launches third satellite for Japanese company
The California-based publicly-traded company completed its third mission for Japanese firm the Institute for Q-shu Pioneers of Space, using one its partially-reusable Electron orbital launch vehicle.
"Another fantastic launch by the Electron team to flawlessly deliver another iQPS mission to orbit," Rocket Lab founder and CEO Peter Beck said in a statement on the company's website.
"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."
The mission delivered a synthetic aperture radar Earth-imaging satellite, into low Earth orbit, approximately 357 miles above the planet.
Liftoff from the Rocket Lab Launch Complex 1 in Mahia, New Zealand occurred at 8:17 p.m. NZST Saturday, marking the company's 64th mission overall using the Electron rocket.
Rocket Lab's contract with the Japanese company stipulates five further launches through next year. Four of those are set to take place in 2025, beginning next month, as the Institute for Q-shu Pioneers of Space continues building its constellation of satellites.
"We are truly delighted to have successfully launched our 10th satellite into orbit just two months after the launch of our QPS-SAR-9," iQPS CEO Shunsuke Onishi said in the Rocket Lab media release.
"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."
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CNBC
21 minutes ago
- CNBC
CNBC Daily Open: The U.S. government gets a slice of the AI pie
U.S. markets continue to ride the artificial intelligence wave, with the tech-heavy Nasdaq Composite closing at fresh all-time highs Friday and other major indexes also rising. The seismic shifts from the AI wave can be felt everywhere — from fueling the rise of new billionaires at a record pace to drastically changing the cybersecurity and defense landscape and how governments are looking to gain from the boom. No wonder semiconductors powering AI have become an important piece on the trade chess board. In fact, the U.S. government is trying to profit from allowing chip companies access to the large Chinese market. On Wednesday, reportedly Nvidia CEO Jensen Huang met with U.S. President Donald Trump at the White House and agreed to give the federal government a 15% cut of its sales in China. Another chipmaker, AMD, agreed to the same deal. Nvidia, meanwhile, has been fending off allegations from Chinese state media that its H20 AI chips pose a national security risk for China as it looks to resume sales to the country. While investors appear to be cheering on AI stocks — Nvidia gained over 1% Friday — they are also bracing for a data-heavy week ahead. The consumer price index, out Tuesday, will be particularly in focus as it could offer clarity on the Federal Reserve's rate path. Nvidia refutes security risk allegations. The chip giant pushed back Sunday after an account affiliated with the Chinese state broadcaster CCTV said its chips were not safe and had a "remote shutdown" function. U.S. stocks post a winning week. On Friday, the Nasdaq Composite jumped 0.98% to a fresh record high. The S&P 500 also gained to close just a few points shy from a new record. Asia-Pacific markets traded subdued Monday as the U.S.-China tariff truce deadline loomed. Nvidia and AMD agree to pay 15% of China chip sales to the U.S. The chipmakers will receive export licenses in exchange, in an unprecedented arrangement with the White House, according to the Financial Times. Loud luxury makes a comeback. High-end brands are pivoting to visible opulence in a bid to woo shoppers as they grapple with multiple headwinds, including trade tariffs and soft consumer sentiment. [PRO] Data-heavy week for Wall Street. The latest consumer price index is set to release Tuesday, and the producer price index is due out Thursday. Investors also await other economic data such as retail sales, as they assess whether the Federal Reserve will cut rates in September. SoftBank founder Son makes his biggest bet by staking the Japanese giant's future on AI Masayoshi Son is betting that his brainchild, SoftBank, will be the center of a revolution driven by artificial intelligence. Son says artificial superintelligence — AI that is 10,000 times smarter than humans — will be here in 10 years. He's made a career out of big plays; notably, one was a $20 million investment into Chinese e-commerce company Alibaba in 2000 that has made billions for SoftBank. Now, the billionaire is hoping to replicate that success with a series of investments and acquisitions in AI firms that will put SoftBank at the center of a fundamental technological shift.


Digital Trends
an hour ago
- Digital Trends
GPT-4o is back on ChatGPT; OpenAI relents following huge backlash
OpenAI, the makers of ChatGPT, have performed something of an about-face after fans were upset that it deleted the older models to only allow users to use the new GPT-5 model. What happened? The launch of the new GPT model caused much excitement when a livestream was announced on August 6. On August 6, OpenAI's CEO Sam Altman announced a new model to power ChatGPT – GPT-5 The company then deleted access to older models, forcing everyone to use the latest version However, OpenAI has now relented and is allowing ChatGPT Plus users (those paying $20/month) to use legacy models – although only 4o is available. Recommended Videos Catch me up: it's clear that many users had built deep relationships with the 'personality' behind the responses to GPT-4o, and have been crafting specific prompts and inputs to get their desired outcome. ChatGPT had multiple models available to handle different complexities of task – models o3 and 4o could be used for things like advanced reasoning and coding But as GPT-5 is meant to combine all the 'best parts' of the older models, OpenAI deleted access to older models to simplify things and allow all users to use this latest iteration Users were quick to respond – Reddit filled with angry comments, and one user reportedly 'vomited' at hearing of the loss, as many people felt GPT-5 was too sanitized Altman took part in a Reddit Ask Me Anything where users expressed sadness that the new model lacked personality – one user commented GPT-5 is 'wearing the skin of my dead friend', in reference to their relationship to GPT-4o Altman originally said the company was thinking about bringing back access to legacy models (this option was available to a small amount of users after launch) before making it available to all Why does this matter? OpenAI lost a number of subscribers who were upset at the changes made with GPT-5. While this number is likely to be small, and OpenAI has clearly seen an uplift in users since the launch, appeasing existing subscribers seems to be high on the agenda for the brand. Its decision to launch a Reddit AMA and make changes in direct response to the ire. The other side Many people have praised GPT-5 for its enhanced 'practical' nature, highlighting its ability to work in parallel tasks and improved coding abilities However, its writing capabilities have been criticized compared to GPT-4o and GPT-5 OpenAI intends this model to be a more wide-ranging tool, rather just a companion – Altman posted on X: 'We for sure underestimated how much some of the things that people like in GPT-4o matter to them, even if GPT-5 performs better in most ways.' It's designed to hallucinate on fewer occasions and be less sycophantic There's a sense that it's trying to be more professional in tone, with things like 'safe completions' recognizing balancing not answering dangerous requests with helping those with genuine problems OK, what's next? Altman and co. clearly are fluid when it comes to the changes made to the model – OpenAI is allowing 3000 thinking queries (those that require deeper reasoning and previously far more limited) to Pro users per week. Altman also is clearly mulling further changes – during the AMA, he asked one user if they would be happy with 4o only, or if the GPT-4.5 model was needed The CEO also has confirmed the platform is still a little unstable during the rollout – this has been stabilized for Plus users (spending $200/month) but not for those on lower tiers. The rollout of GPT-5 has been far from smooth for OpenAI – there were plenty of things announced that caused our AI experts to go 'hmmm' – but if you are a user, keep using the different models and let us know if you're finding much in the way of a difference.


CNBC
an hour ago
- CNBC
Dollar steady before inflation report, U.S.-China tariff deadline
The U.S. dollar stabilized on Monday after last week's losses, as markets await Tuesday's key U.S. CPI report for July and focus on developments in trade talks between Washington and Beijing ahead of a deadline to avoid the imposition of higher tariffs. The dollar index was flat at 98.25 after a 0.4% decline last week. Against the yen, the dollar was unchanged at 147.685 yen, with Japanese markets closed for the Mountain Day holiday. Trade talks were in focus as Trump's August 12 deadline for a deal between the U.S. and China loomed, particularly around chip policy. "The market has fully priced in the idea that we're going to get an extension," said Chris Weston, head of research at Pepperstone Group Ltd in Melbourne, adding that another 90-day truce was most likely. With the U.S. and China seeking to close a deal that would avoid imposing triple-digit tariffs on each other's goods, the Financial Times reported on Sunday that chip manufacturers Nvidia and AMD agreed to allocate 15% of their revenues from sales in China to the U.S. government under an arrangement to obtain export licences for the semiconductors. The report follows a warning that Nvidia's H20 chips pose security concerns for China, a social media account affiliated with the country's state media said on Sunday. "I don't know if that's going to be a good thing or a bad thing, but if it puts closure on the matter it's not a bad outcome," Weston said. "If this is Trump says 15% and we'll call it a day, that may not be too bad." The offshore yuan fluctuated between gains and losses after data on the weekend showed China's producer prices fell more than expected in July, while consumer prices were unchanged. The Australian dollar fetched $0.6515, down 0.2% in early trade ahead of a rate decision from the Reserve Bank of Australia on Tuesday, where the central bank is widely expected to cut interest rates by 25 basis points to 3.60% after inflation for the second quarter missed expectations and the jobless rate hit a 3-1/2-year high. The kiwi last traded at $0.59455, down 0.13%, while the British pound traded at $1.34405, down 0.1% so far on the day. In crypto markets, bitcoin rose 0.7% to $119,154, not far from its previous record, while ether was up 1.1% at $4,267, after reaching its highest since December 2021 on Sunday. Elsewhere, personnel moves at key U.S. monetary policy institutions were also in focus. U.S. Treasury Secretary Scott Bessent said the new Federal Reserve chair should be someone "who can examine the whole organization" as the Fed's mission has included so many things outside of monetary policy and has put its independence at risk, Japan's Nikkei newspaper reported. The Trump administration was also interviewing candidates to lead the Bureau of Labor Statistics including E.J. Antoni, chief economist at the conservative Heritage Foundation, The Wall Street Journal reported on Sunday, citing a senior administration official.