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Adam Spice - 2 CNBC's Michael Sheetz - 1 SpaceX's Starlink - 1 Uninsurable - 1 hasn't - 1 Here's - 1 they've - 1 … They're - 1
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☆ Investing in Space: Industry enters new era with tight funding and SpaceX dominance
  + stars: | 2023-09-14 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com   time to read: +5 min
CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. BogeymanSpaceX feels a bit like Voldemort here: Whether it's the launch or satellite communications markets, SpaceX's dominance was a hot topic. While the company hasn't made any claims yet, the insurance market ramifications are looming. Because I think the one issue that creates dysfunction in this insurance market is … do you have enough volume to make up for this loss? … They're trying to figure out what 2024 is going to hold."
Persons: CNBC's Michael Sheetz, SpaceX's Starlink, Uninsurable, hasn't, Here's, they've, … They're, –, Jonathan Baliff, Henry Dubois, Adam Spice, EXIM, Judith Pryor, Pryor, there's Organizations: SpaceX, We're Locations: Paris, U.S
☆ Rocket Lab results match Wall Street estimates, company adds contracts for 10 launches
  + stars: | 2023-08-08 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com   time to read: +3 min
Rocket Lab on Tuesday reported second-quarter results that largely met Wall Street's expectations, and the company said it added contracts for 10 more launches in 2023 and 2024. Revenue grew 12% year over year in the second quarter to $62 million, versus $61.8 million expected by analysts surveyed by Refinitiv. Rocket Lab's launch business saw $22.5 million in revenue in the second quarter, while its space systems unit brought in $39.6 million. For the third quarter, Rocket Lab expects revenue to grow to between $73 million and $77 million. Beck told CNBC that Archimedes features "new manufacturing technologies" that Rocket Lab "hasn't really disclosed in any great detail."
Persons: Peter Beck, Adam Spice, Spice, Beck Organizations: Refinitiv, Revenue, Rocket, Lab, CNBC Locations: Virginia
☆ Rocket Lab targets $50 million launch price for Neutron rocket to challenge SpaceX's Falcon 9
  + stars: | 2023-03-24 | by ( Michael Sheetz | ) www.cnbc.com   time to read: +3 min
During its fourth-quarter report last month, Rocket Lab said it had begun producing the first tank structures of Neutron, as well as construction of the launch pad for the rocket. That means Neutron is targeting a "$50 million to $55 million launch service cost," Spice said. "We don't have any hard data on that but certainly, if that was to happen, that'd be an incredibly bullish thing for Neutron," Spice said. More than rocketsSpice also emphasized to the Bank of America audience that Rocket Lab is "much more than" just a rocket company. As CEO Peter Beck has previously noted, Rocket Lab aims to create an "end-to-end platform for customers" who need space-based services.
☆ Rocket Lab reports record quarterly revenue, with added contract wins
  + stars: | 2022-11-09 | by ( Michael Sheetz | ) www.cnbc.com   time to read: +3 min
An Electron rocket launches from the company's New Zealand facility on Nov. 4, 2022. Rocket Lab delivered quarterly results on Wednesday that boasted record revenue, with the space company tacking on additional contract wins across its business. Rocket Lab stock is down 61% this year as of Wednesday's close of $4.74 a share. Additionally, Rocket Lab signed a research agreement with the Pentagon's United States Transport Command to "explore cargo transport use" with its rockets. Rocket Lab has begun production of the hardware for its forthcoming, larger Neutron rocket.
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