Mission Success for Rocket Lab's Latest Constellation Deployment Launch for iQPS
'The Harvest Goddess Thrives' mission lifted off from Rocket Lab Launch Complex 1 in New Zealand at 04:10 UTC on August 5th. Electron deployed a single synthetic aperture radar (SAR) imaging satellite named QPS-SAR-12 (nicknamed KUSHINADA-I for the Japanese goddess of harvest and agriculture) to a 575km circular Earth orbit. It was Rocket Lab's fourth launch this year for iQPS and fifth mission overall, making Electron the most prolific launcher of their constellation to date. Four more dedicated iQPS missions are scheduled to launch on Electron through the remainder of this year and in 2026.
Rocket Lab Founder and CEO, Sir Peter Beck, says: "Every Electron launch is a demonstration of payload deployment precision for our customers – an especially critical element when scaling satellite constellations. Today's fifth and flawless deployment for iQPS once again underscores Electron's reliability and continues to prove that consistent tailored access to space is a reality on Electron for our customers."
iQPS CEO, Dr. Shunsuke Onishi, says: "Building a satellite constellation requires both timely development and manufacturing, as well as highly precise launch execution. We are deeply grateful to both our team and the Rocket Lab team for their continued dedication in making this possible. As the number of satellites increases, so too does the frequency and value of the data we are able to provide. We will continue to accelerate our efforts to ensure that our satellite data can be leveraged in even more fields and applications."
'The Harvest Goddess Thrives' marks Rocket Lab's 11th Electron mission of 2025 and its 69th launch overall. Details of the next Electron launch will be shared in the coming days.
Launch images: F69 | The Harvest Goddess Thrives | Flickr
Launch webcast: Rocket Lab - 'The Harvest Goddess Thrives' Launch
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 spacecraft platforms, 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 over 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 spacecraft platforms have 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.
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/20250804456767/en/
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Rocket Lab Media Contact Murielle Bakermedia@rocketlabusa.com
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INVESTOR CONFERENCE CALL AND WEBCAST Cheniere Energy, Inc. (NYSE: LNG) will host a conference call to discuss its financial and operating results for the second quarter 2025 on Thursday, August 7, 2025, at 11 a.m. Eastern time / 10 a.m. Central time. A listen-only webcast of the call and an accompanying slide presentation may be accessed through our website at Following the call, an archived recording will be made available on our website. The call and accompanying slide presentation will include financial and operating results or other information regarding Cheniere Partners. 1 Non-GAAP financial measure. See 'Reconciliation of Non-GAAP Measures' for further details. Expand About Cheniere Partners Cheniere Partners owns the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, which has natural gas liquefaction facilities with a total production capacity of over 30 mtpa of LNG. 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Expand Cheniere Energy Partners, L.P. Consolidated Balance Sheets (in millions, except unit data) (1) (unaudited) June 30, December 31, 2025 2024 ASSETS Current assets Cash and cash equivalents $ 108 $ 270 Restricted cash and cash equivalents 36 109 Trade and other receivables, net of current expected credit losses 261 380 Trade and other receivables—affiliate 147 164 Trade receivables, net of current expected credit losses—related party — 1 Advances to affiliates 191 101 Inventory 153 151 Current derivative assets 28 84 Prepaid expenses 65 42 Other current assets, net 27 23 Other current assets—affiliate 1 — Total current assets 1,017 1,325 Property, plant and equipment, net of accumulated depreciation 15,540 15,760 Operating lease assets 78 79 Derivative assets 103 98 Other non-current assets, net 192 191 Total assets $ 16,930 $ 17,453 LIABILITIES AND PARTNERS' DEFICIT Current liabilities Accounts payable $ 71 $ 62 Accrued liabilities 667 838 Accrued liabilities—related party — 5 Current debt, net of unamortized discount and debt issuance costs 609 351 Due to affiliates 42 63 Deferred revenue 110 120 Deferred revenue—affiliate 1 3 Current derivative liabilities 142 250 Other current liabilities 13 20 Total current liabilities 1,655 1,712 Long-term debt, net of unamortized discount and debt issuance costs 14,213 14,761 Derivative liabilities 1,136 1,213 Other non-current liabilities 243 252 Other non-current liabilities—affiliate 23 24 Total liabilities 17,270 17,962 Partners' deficit Common unitholders' interest (484.0 million units issued and outstanding at both June 30, 2025 and December 31, 2024) 2,197 1,821 General partner's interest (2% interest with 9.9 million units issued and outstanding at both June 30, 2025 and December 31, 2024) (2,537 ) (2,330 ) Total partners' deficit (340 ) (509 ) Total liabilities and partners' deficit $ 16,930 $ 17,453 Expand (1) Please refer to the Cheniere Energy Partners, L.P. Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, filed with the Securities and Exchange Commission. Expand Reconciliation of Non-GAAP Measures Regulation G Reconciliations Adjusted EBITDA The following table reconciles our Adjusted EBITDA to U.S. GAAP results for the three and six months ended June 30, 2025 and 2024 (in millions): Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net income $ 553 $ 570 $ 1,194 $ 1,252 Interest expense, net of capitalized interest 188 202 378 404 Loss on modification or extinguishment of debt — 3 — 3 Interest and dividend income, including affiliate (26 ) (9 ) (31 ) (18 ) Income from operations $ 715 $ 766 $ 1,541 $ 1,641 Adjustments to reconcile income from operations to Adjusted EBITDA: Depreciation and amortization expense 171 170 342 338 Gain from changes in fair value of commodity derivatives, net (1) (160 ) (104 ) (119 ) (147 ) Adjusted EBITDA $ 726 $ 832 $ 1,764 $ 1,832 Expand (1) Change in fair value of commodity derivatives prior to contractual delivery or termination Expand Adjusted EBITDA is commonly used as a supplemental financial measure by our management and external users of our Consolidated Financial Statements to assess the financial performance of our assets without regard to financing methods, capital structures, or historical cost basis. 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Adjusted EBITDA is calculated by taking net income before interest expense, net of capitalized interest, depreciation and amortization, and adjusting for the effects of certain non-cash items, other non-operating income or expense items and other items not otherwise predictive or indicative of ongoing operating performance, including the effects of modification or extinguishment of debt, impairment expense, gain or loss on disposal of assets, and changes in the fair value of our commodity derivatives prior to contractual delivery or termination. The change in fair value of commodity derivatives is considered in determining Adjusted EBITDA given that the timing of recognizing gains and losses on these derivative contracts differs from the recognition of the related item economically hedged. We believe the exclusion of these items enables investors and other users of our financial information to assess our sequential and year-over-year performance and operating trends on a more comparable basis and is consistent with management's own evaluation of performance.
