Latest news with #Gen-3
Business Wire
22-05-2025
- Business
- Business Wire
Rocket Lab Schedules Next Launch in Series of Multiple Missions for BlackSky
LONG BEACH, Calif.--(BUSINESS WIRE)--Rocket Lab USA, Inc. (Nasdaq: RKLB) ('Rocket Lab' or 'the Company'), a global leader in launch services and space systems, today announced the launch window for its next mission for real-time space-based intelligence company BlackSky (NYSE: BSKY). The mission, named 'Full Stream Ahead', will launch from Rocket Lab Launch Complex 1 in New Zealand during a launch window that opens on May 28 th, 2025 UTC. The mission will launch the next of BlackSky's Gen-3 satellites to a mid-inclination circular 470km orbit, where it will join the remainder of the company's constellation delivering very high-resolution imagery and AI-enabled analytics for daily intelligence operations. 'Full Stream Ahead' is the second in a series of four Electron launches booked by BlackSky to deploy its Gen-3 satellites to orbit this year, and the tenth overall launch for the company – making Electron the most prolific launcher for their constellation to date. Rocket Lab's launch for BlackSky will be the seventh Electron mission of 2025, its 65 th launch overall, and will bring the total number of satellites delivered to space by Rocket Lab to 226. 'Full Stream Ahead' mission information: 'Full Stream Ahead' launch window opens: 01:30 UTC, May 28 th 1:30 pm NZT, May 28 th 9:30pm Eastern, May 27 th 6:30pm Pacific, May 27 th 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 and the Investor Relations section of our website at 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.
Yahoo
06-05-2025
- Business
- Yahoo
BlackSky Successfully Completes Commissioning for First Gen-3 Satellite and Prepares to Ship Second Unit for Expected Launch in Q2
A BlackSky Gen-3 satellite image with AI-enabled analytics highlighting various-sized military planes and helicopters in Yelizovo, Russia, collected April 21, 2025. BlackSky's advanced, proprietary automated detection and identification algorithms transform very high-resolution Gen-3 imagery into actionable insights at machine speed and scale over strategic and tactical objects of interest. A BlackSky Gen-3 satellite image with AI-enabled analytics highlighting various military ships and submarines at Bandar-Abbas Port, Iran, collected March 30, 2025. BlackSky's advanced, proprietary automated detection and identification algorithms transform very high-resolution Gen-3 imagery into actionable insights at machine speed and scale over strategic and tactical objects of interest. Gen-3 exceeding expectations for tasking-to-delivery performance amid positive customer demand on early very high-resolution 35-centimeter imagery and AI-driven analytics samples HERNDON, Va., May 06, 2025--(BUSINESS WIRE)--BlackSky Technology Inc. (NYSE: BKSY) has successfully completed commissioning its first Gen-3 satellite. The first satellite continues to exceed expectations for tasking-to-delivery performance amid positive customer feedback on early very high-resolution 35-centimeter imagery and AI-driven analytics samples. "BlackSky has demonstrated incredible, industry-leading speed for launch to on-orbit operations, completing commissioning for our first Gen-3 satellite a full month ahead of schedule," said Brian O'Toole, BlackSky CEO. "This pace of performance is a testament to our team's experience, quality and rigor of our design, production and test practices, giving BlackSky a distinct advantage for scaling this service quickly and reliably for our customers." "The regular cadence of Gen-3 launches will produce a robust combination of capacity and low-latency, high-revisit capabilities to support near-term, early access customers and long-term demand for real-time space-based dynamic monitoring services," said O'Toole. Satellite commissioning processes begin immediately after deployment from a launch vehicle and typically includes initial tracking, making first contact and the sequential activation of critical subsystems. Follow-on activities include calibrating payloads, sensors, communications and control systems, and optimizing automated operations across the entire constellation-to-ground architecture. During the Gen-3 commissioning process, BlackSky's first Gen-3 satellite quickly produced imagery within five days and AI-enabled analytics within three weeks of launch. "BlackSky has received resounding positive customer response to early very high-resolution 35-centimeter imagery samples. The crispness and detail have enhanced the utility of these data products by giving users the ability to make observations often accomplished with higher resolution systems. In many instances analysts were able to discern details like sunroofs on top of automobiles or individual people and their shadows. This incredible amount of detail, combined with AI-enabled analytics makes available an expansive new set of mission solutions and reduces the speed of analyses over large volumes of imagery from days to minutes," said O'Toole. BlackSky has made final preparations to send its second Gen-3 unit to Rocket Lab Launch Complex 1 in Mahia, New Zealand, in anticipation of launch in Q2. The Gen-3 launch schedule is proceeding as planned as the company prepares to integrate high-cadence, very high-resolution 35-centimeter imagery into customers' daily workflows later this year.
Yahoo
25-03-2025
- Business
- Yahoo
Prediction: 2 Stocks That Will Be Worth More Than BigBear.ai 2 Years From Now
(NYSE: BBAI), a developer of artificial intelligence (AI) modules for edge networks, has seen its stock decline nearly 70% since it went public by merging with a special purpose acquisition company (SPAC) on Dec. 8, 2021. Like many other SPAC-backed start-ups, set some ambitious growth targets but missed them by a mile. Prior to going public, claimed it could grow its annual revenue from $182 million in 2021 to $550 million in 2024. But in reality, its revenue only rose from $146 million in 2021 to $158 million in 2024 as it struggled with macroeconomic headwinds, intense competition, and the bankruptcy of its major customer Virgin Orbit in 2023. For 2025, analysts only expect its revenue to rise 8% to $170 million as it slogs through those challenges. It's also on its third CEO since its public debut, and it recently delayed its latest 10-K filing to restate all of its financial statements for 2022 and 2023. It needs to fix some calculation errors regarding its convertible notes that will mature in 2026. With a market cap of $886 million, still doesn't look like a bargain at 5 times this year's sales. The bulls might expect its newest CEO -- Kevin McAleenan, who served as the Department of Homeland Security's acting secretary for about six months in 2019 under the first Trump administration -- to bring in some fresh government contracts, but it's still deeply unprofitable. So instead of betting on long-shot turnaround, investors should check out two smaller tech stocks that could eclipse its market cap within the next two years: BlackSky Technology (NYSE: BKSY) and Jumia Technologies (NYSE: JMIA). BlackSky develops real-time imagery and analytics software for satellites. Its AI-powered system can quickly spot vehicles, aircraft, vessels, and buildings, and it crunches that visual data to help its clients make more efficient decisions. It serves a wide range of customers across the national security, supply chain management, crisis management, critical infrastructure monitoring, and economic intelligence markets. It went public by merging with a SPAC in 2021. From 2021 to 2024, its revenue grew from $34 million to $102 million (a compound annual growth rate (CAGR) of 31.6%). Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) also turned positive in 2024. That growth was largely driven by the market's robust demand for its new Gen-3 satellite's imaging and AI services. From 2024 to 2026, analysts expect its revenue to rise at a two-year CAGR of 28% to $168 million as its adjusted EBITDA grows at a CAGR of 89%. With a market cap of $277 million, it trades at just 2 times this year's projected sales. Assuming BlackSky matches analysts' estimates, grows its revenue by another 28% in 2027 to $215 million, and trades at a more optimistic 5 times its forward sales, its market cap could swell to $1.08 billion within the next two years. If growth stalls out and its valuations crumble during those two years, it could be worth a lot less than BlackSky. Jumia is one of the largest players in Africa's fragmented e-commerce market. It's based in Berlin, but it currently operates across nine African countries: Algeria, Egypt, Ghana, Ivory Coast, Kenya, Morocco, Nigeria, Senegal, and Uganda. Jumia's website attracted more than 800 million visits in 2024, and it hosts roughly 70,000 sellers, over 117 million products, and 5.4 million active consumers. It's still tiny compared to Amazon, but its early-mover advantage could make it a great long-term play on Africa's rising internet penetration and online shopping rates. Jumia went public via a traditional IPO in 2019. From 2020 to 2024, its revenue only grew at a CAGR of 4% from $140 million to $161 million. Its adjusted EBITDA also remained negative as it racked up more net losses. Unlike many other e-commerce companies, Jumia didn't experience a growth spurt during the COVID-19 pandemic. Instead, the health crisis throttled its growth by disrupting its supply chain and logistics networks while curbing consumer spending. The African market also recovered from the pandemic at a slower rate than other higher-growth markets. From 2024 to 2027, analysts expect its revenue to grow at a three-year CAGR of 7% to $197 million as its adjusted EBITDA stays in the red. But with a market cap of $274 million, Jumia trades at just 1.5 times this year's sales. But if the African market stabilizes, Jumia merely matches analysts' estimates, and it trades at 5 times forward sales by the beginning of 2027, its market cap could grow to $985 million. If its growth accelerates, its valuations could soar even higher as the bulls rush back. Therefore, this little e-commerce underdog also has a shot at overtaking over the next two years. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $305,226!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $41,382!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $517,876!* Right now, we're issuing 'Double Down' alerts for three incredible companies, and there may not be another chance like this anytime soon.*Stock Advisor returns as of March 24, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Leo Sun has positions in Amazon. The Motley Fool has positions in and recommends Amazon. The Motley Fool has a disclosure policy. Prediction: 2 Stocks That Will Be Worth More Than 2 Years From Now was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
17-03-2025
- Business
- Yahoo
Rocket Lab USA (NasdaqCM:RKLB) Powers Varda And iQPS Missions With Successful Launches
Rocket Lab USA successfully launched its third Pioneer spacecraft for Varda Space Industries and its second mission for the Institute for Q-shu Pioneers of Space last week. Despite these operational achievements, the company's stock only saw a minor price move of 0.05% over the past week, which was set against a broader market decline of 2.2% amid ongoing global economic tensions and tariff concerns. Rocket Lab's announcements of new software suites for mission support and a $500 million follow-on equity offering also emerged during this period, yet their influence on stock performance appears limited given the substantial market headwinds. Although successful launches and technological advancements underscore Rocket Lab's growth potential, the overall market dynamics, including tech sector volatility and corrections, might have tempered investor enthusiasm for RKLB, resulting in only marginal stock price changes despite positive company-specific developments. Explore the potential challenges for Rocket Lab USA in our thorough risk analysis report. Uncover the next big thing with financially sound penny stocks that balance risk and reward. Over the past year, Rocket Lab USA's total shareholder return was a significant 356.55%, showcasing impressive performance. This surpassed both the US Aerospace & Defense industry, which returned 19.4%, and the broader US market, which gained 9.6%. Several developments likely contributed to this substantial return. Notably, Rocket Lab's revenue nearly doubled for the year 2024 to $436.21 million, even though the company remained unprofitable with a net loss of 190.18 million USD. The successful launch of the "60th Electron mission" in February, deploying a Gen-3 satellite, was another key achievement reflecting the company's operational prowess. Additionally, the announcement of a 32 million USD contract with the U.S. Space Force in November 2024 for the VICTUS HAZE mission likely bolstered investor confidence in Rocket Lab's strategic capabilities. However, legal challenges like the February 2025 class-action lawsuit over the Neutron rocket's launch timeline might have introduced some uncertainties, tempering some of the optimism surrounding the company's future growth. Have a stake in Rocket Lab USA? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqCM:RKLB. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
16-03-2025
- Business
- Yahoo
Rocket Lab USA (NasdaqCM:RKLB) Powers Varda And iQPS Missions With Successful Launches
Rocket Lab USA successfully launched its third Pioneer spacecraft for Varda Space Industries and its second mission for the Institute for Q-shu Pioneers of Space last week. Despite these operational achievements, the company's stock only saw a minor price move of 0.05% over the past week, which was set against a broader market decline of 2.2% amid ongoing global economic tensions and tariff concerns. Rocket Lab's announcements of new software suites for mission support and a $500 million follow-on equity offering also emerged during this period, yet their influence on stock performance appears limited given the substantial market headwinds. Although successful launches and technological advancements underscore Rocket Lab's growth potential, the overall market dynamics, including tech sector volatility and corrections, might have tempered investor enthusiasm for RKLB, resulting in only marginal stock price changes despite positive company-specific developments. Explore the potential challenges for Rocket Lab USA in our thorough risk analysis report. Uncover the next big thing with financially sound penny stocks that balance risk and reward. Over the past year, Rocket Lab USA's total shareholder return was a significant 356.55%, showcasing impressive performance. This surpassed both the US Aerospace & Defense industry, which returned 19.4%, and the broader US market, which gained 9.6%. Several developments likely contributed to this substantial return. Notably, Rocket Lab's revenue nearly doubled for the year 2024 to $436.21 million, even though the company remained unprofitable with a net loss of 190.18 million USD. The successful launch of the "60th Electron mission" in February, deploying a Gen-3 satellite, was another key achievement reflecting the company's operational prowess. Additionally, the announcement of a 32 million USD contract with the U.S. Space Force in November 2024 for the VICTUS HAZE mission likely bolstered investor confidence in Rocket Lab's strategic capabilities. However, legal challenges like the February 2025 class-action lawsuit over the Neutron rocket's launch timeline might have introduced some uncertainties, tempering some of the optimism surrounding the company's future growth. Have a stake in Rocket Lab USA? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqCM:RKLB. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
