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☆ Rocket Lab's CEO practices founder mode like Elon Musk — but he'd rather pan for gold on Earth than live on Mars
▼ + stars: | 2024-11-19 | by ( Ana Altchek | ) www.businessinsider.com time to read: +7 min

AdvertisementHeadquartered in Long Beach, California, Rocket Lab employs over 2,000 people globally. It's an "end-to-end space company," providing launch services, spacecraft, satellite components, and on-orbit management. Rocket Lab is valued at a fraction of that, with a market cap of around $9.5 billion. He said that's the nature of who he is — and the job of running a rocket company. AdvertisementBeck describes running a rocket company as "running through a maze in the middle of the night."

Persons: Peter Beck, Beck, Elon Musk, you've, Donald Trump, Trump, David, faze Beck, Virgin, Virgin Orbit, Jeff Bezos, Rutherford, Ernest Rutherford, We've, we've, doesn't, Beck doesn't, blissfully Organizations: SpaceX, Rocket, Department of Government, Lab, Rocket Lab, New Zealand Locations: New Zealand, Long Beach , California

☆ Investing in Space: Why military contracts are crucial for space companies
▼ + stars: | 2024-07-03 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. The first orbital rockets, satellites, and even the Apollo architecture were born of the military and its aerospace contractors. Historically, the biggest defense contractors have long been the winners of the largest space contracts – and that's still true today. The top pure-play space companies get a significant, if not majority, amount of revenue from military work under contracts from the U.S. and its allies. And the importance of military contracts is also going further upstream, as venture capital looks more explicitly toward startups that are winning and delivering on early military deals.

Persons: CNBC's Michael Sheetz, I'm, Peter Beck, Beck Organizations: Pentagon, U.S . Space Force, NASA, SpaceX, Space Force, NRO Locations: U.S, Ukraine, China, Taiwan

☆ Rocket Lab says contract backlog tops $1 billion, outlines Neutron progress toward first launch
▼ + stars: | 2024-02-27 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023. Rocket Lab is making steady progress on the development of its Neutron vehicle, as the company reported fourth-quarter results that saw its contract backlog soar above $1 billion. Year over year, Rocket Lab's fourth-quarter net loss widened by about 36% as the company continues to spend heavily to create its Neutron rocket. Shares of Rocket Lab slipped 5% in after-hours trading from its close at $4.71. Rocket Lab forecast first-quarter revenue between $92 million and $98 million.

Persons: Peter Beck Organizations: Revenue, LSEG, Space Development Agency, Rocket Locations: New Zealand

☆ Rocket Lab pushes to get launch business back on track, with 22 Electron missions booked next year
▼ + stars: | 2023-11-08 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

Peter Beck, chief executive officer of Rocket Lab, speaks during the US Chamber of Commerce's Global Aerospace Summit in Washington, D.C., Sept 14, 2022. Rocket Lab is pushing to get its launch business back on track by the end of the year, reporting on Wednesday third-quarter results that saw continued strength in its space systems division. Rocket Lab expects to resume Electron launches as soon as Nov. 28, with a mission for Japanese satellite imagery company iQPS. For the fourth quarter, Rocket Lab expects revenue between $65 million and $69 million, with just $16.5 million in revenue from its launch business. With its Electron launches expected to resume, Rocket Lab sees first quarter 2024 revenue climbing to between $95 million and $105 million.

Persons: Peter Beck, Beck Organizations: Rocket, US Chamber of Commerce's Global Aerospace Summit, Washington , D.C, LSEG, Revenue, Wall Street, Lab Locations: Washington ,

☆ Rocket Lab expects to resume Electron launches before year-end after September failure
▼ + stars: | 2023-10-25 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023. Rocket Lab expects to resume launches of its Electron vehicle before the end of the year, the company announced Wednesday. The Federal Aviation Administration, which is overseeing Rocket Lab's failure investigation, authorized the company to resume Electron launches from its facility in New Zealand. Rocket Lab stock rose about 5% in after-hours trading from its close at $4.09 a share. Rocket Lab is scheduled to report third-quarter results after markets close Nov. 8.

Persons: Peter Beck Organizations: Rocket, Federal Aviation Administration, FAA, SpaceX, CNBC Locations: New Zealand

☆ 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 revenue increases slightly, company adds NASA launch contract
▼ + stars: | 2023-05-09 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

Rocket Lab's revenue increased slightly in the first quarter, but losses grew as well, as the spacecraft and launch company added a NASA contract and continued to invest in its future Neutron vehicle. Rocket Lab said an increase in R&D spending for its Neutron rocket and Photon spacecraft drove a rise in expenses. The development of our larger rocket Neutron is continuing at pace," Rocket Lab founder and CEO Peter Beck said in a statement. It had $450 million in cash on hand at the quarter's end, down from $484.3 million the prior quarter. Shares of Rocket Lab were little changed in after-hours trading from its close at $3.94 a share.

☆ Elon Musk once praised a rocket CEO who didn't go to college for beating Jeff Bezos to orbit, new book reveals: 'Bezos has spent a shitload of money, and he hasn't made it'
▼ + stars: | 2023-05-08 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +4 min

A new book reveals Elon Musk once praised a rival New Zealand rocket CEO in a 2018 phone call. Musk said it was "impressive" that Rocket Lab launched a rocket into orbit before Blue Origin, per the book. Like SpaceX, Rocket Lab has been able to launch rockets into orbit — something Bezos' Blue Origin company has not yet achieved. In March, Rocket Lab launched its 35th Electron rocket just a week after launching its 34th Electron rocket. Neither Rocket Lab, Blue Origin, nor Musk responded to Insider's requests for comment.

☆ Loaf-size mission to improve hurricane forecasting is ready to launch
▼ + stars: | 2023-05-07 | by ( Ashley Strickland | ) edition.cnn.com time to read: +4 min

CNN —A new mission designed to improve hurricane forecasting is ready to launch, just ahead of the June 1 arrival of the 2023 Atlantic hurricane season. The NASA mission includes a constellation of CubeSats called TROPICS, or Time-Resolved Observations of Precipitation structure and storm Intensity with a Constellation of Smallsats. The launch of this first mission, nicknamed “Rocket Like a Hurricane,” will stream live on NASA’s website and Rocket Lab’s website. Two additional CubeSats, nicknamed “Coming to a Storm Near You,” will launch from the same location later this month. The TROPICS satellites will launch from New Zealand.

☆ Rocket Lab CEO Peter Beck on building hypersonic technology
▼ + stars: | 2023-04-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRocket Lab CEO Peter Beck on building hypersonic technologyCNBC’s Morgan Brennan with Rocket Lab CEO Peter Beck, join 'Closing Bell: Overtime' to discuss the company's plans to go hypersonic.

These kind of megadeals are at the vanguard of billions of dollars of annual spending on classic cars globally in a wave of investment in this alternative asset. "The track record of the past 30 years tells us classic cars have become a financial asset class we want our clients to have in their portfolios." [1/5] A general view of the classic car collection of Florian Zimmermann, owner of over 300 classic cars, in a warehouse in Lindau, Germany, April 5, 2023. "Electrification will favour classic cars," said Cristiano Bolzoni, head of Maserati's vintage car unit Maserati Classiche. "The classic car community has changed tremendously over the past five to 10 years," Zimmermann said.

☆ New Zealander without college degree couldn't talk his way into NASA or Boeing—so he built a $1.8 billion rocket company
▼ + stars: | 2023-04-11 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +6 min

Beck launched the company, Rocket Lab, later that same year. Running a rocket company is kind of like that scene in "Indiana Jones," where he's getting chased by that giant ball. What do you wish you'd known when you decided to start your own rocket company? At that time, that was an absurd amount of money for a rocket startup. A rocket startup from someone living in New Zealand was even more absurd.

☆ 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 establishes new U.S. foothold with successful launch after years of delays
▼ + stars: | 2023-01-25 | by ( Michael Sheetz | ) www.cnbc.com time to read: +3 min

The company's Electron rocket lifts off from LC-2 at NASA's Wallops Flight Facility in Virginia on Jan. 24, 2023. Rocket Lab 's first U.S. launch got off the ground Tuesday evening, marking a successful mission and a long-awaited expansion of the company's capabilities. The company's Electron rocket launched from NASA's Wallops Flight Facility on the coast of Virginia, carrying a trio of satellites to orbit for radio frequency analytics specialist Hawkeye 360. Rocket Lab Electron launches possible with our game-changing flight safety technology," he said. Rocket Lab stock was down about 2% in early trading Wednesday from its previous close of $4.97 a share.

☆ 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.

☆ Rocket Lab's attempt to catch rocket booster falls short
▼ + stars: | 2022-11-04 | by ( Jackie Wattles | ) edition.cnn.com time to read: +4 min

CNN —Rocket Lab, a start-up building small orbital rockets, kicked off another successful mission on Friday — but it failed in its efforts to recapture its rocket booster as it tumbled down toward Earth. Rocket Lab positioned a modified Sikorsky S-92 helicopter to intercept it mid-descent, aiming to snag the booster by its strings. Rocket Lab CEO Peter Beck has noted that it’s preferable to catch the rocket midair to keep it dry. A lot remains unclear about how Rocket Lab will ultimately reuse its rockets. Beck cited the company as a model for how Rocket Lab would proceed.

☆ Investing in Space: Rockets are only the beginning
▼ + stars: | 2022-10-27 | by ( Michael Sheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. But the CEOs of these companies will tell you that tapping into the global launch market isn't enough. "The big space companies of the future are not just a launch company on its own or a spacecraft manufacturer on its own. Breaking into the launch market may seem hard (and expensive) enough on its own. Virgin Orbit is similarly developing a satellite business, which CEO Dan Hart told CNBC he hopes can "unlock" space-based services.

☆ Aerospace talent is a massive problem unless we do something, says Rocket Labs CEO
▼ + stars: | 2022-09-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAerospace talent is a massive problem unless we do something, says Rocket Labs CEOPeter Beck, Rocket Labs CEO, joins 'Squawk on the Street' to discuss the conversation around space-based internet service, whether space systems are more profitable than rockets, and more.

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