Following a bunch of Space Companies but primarily Rocket Lab.
Feel free to reach out and ask any Rocket Lab or space related questions!
Next #rocketlab launch is set for tomorrow.
#WeWillNeverDesertYou will be Rocket Lab's third launch for Capella in 2023.
We Will Never Desert You will launch Acadia-2 (an EO satellite) into a 635 km circular orbit from New Zealand.
There have been rumors that this launch will feature a booster with 9 previously flown engines. Assuming everything works as expected, the next step in the recovery program should be launching a previously flown booster!
New updated Due Diligence on Rocket Lab, read the 30+ page paper here: https://drive.google.com/file/d/1hsasSZBWpCkIlxNPFut51I01iVoshXYG/view?usp=sharing
#rocketlab #rocket #space #nasa #solarpannels #nz #investing #newzealand #stocks #rklb #paper
Launch update: Rocket Lab has replaced the booster which had issues with a new booster. This booster is a recovery booster and has a previously flown engine!
This is one of the final tests Rocket Lab needs to do in order to relaunch a booster.
Launch in a few hours.
#rocketlab #space
It's time for Rocket Lab's 40th Electron launch!
"We Love The Night Life" will launch 1 satellite for Cappella Space into a 640km circular orbit from Launch Complex 1-B in New Zealand.
The launch is currently scheduled for 23:45 UTC.
#rocketlab #space #gospace #capellaspace #rocket #welovethenightlife #nz #newzealand
The launch is scheduled for NET September, once again demonstrating that Rocket Lab can put a satellites into orbit on a short notice.
Once again, #rocketlab is capturing customers from other small launchers.
Today Rocket Lab announced they inked a deal with Japanese Earth Imaging company iQPS to launch their satellite into orbit!
Originally, the satellite was supposed to launch on Virgin Orbit's LauncherOne.
More exciting news from #rocketlab
Rocket Lab just announced that they are launching 2 satellites for #nasa in 2024.
The 2 satellites are part of the PREFIRE mission and will monitor the artic ice caps.
We also have an update on the previous aborted launch for Cappella space. Rocket Lab seems to have fixed the issue is is now targeting NET August 24th!
#rklb #space #gospace #newspace #nz #newzealand #climate #climatechange #rockets #VADR
@ManyRoads I doubt they have the resources to pull this off. They're too busy making other kinds of rockets.
@cymplecy A lot of it is due to bots.
Rocket Lab Q2 results
Revenue: $62 million (vs. $61.8m expected)
Net loss: $45.9 million ($0.10/share, vs. $0.09/share expected)
Backlog: $534 million
Cash & securities: $419 million
The company added contracts for 10 Electron launches in Q2, and anticipates conducting 4 launches in Q3: https://www.cnbc.com/2023/08/08/rocket-lab-rklb-q2-earnings-report.html #space
Now let’s take a look at the Q3 guidance:
-Expect revenue to range from $70-$73M, with $30M coming from launch and 40-$43M coming from space systems.
-Expect Gross margin to range between 21-23%
-Expect an adjusted EBITDA loss of 10-$14M.
Now lets do a deeper dive into the financials:
In Q2 Rocket Lab generated $62M in revenue, $39.6M came from Space Systems and $22.5M came from launch. This is a $7.2M increase or 13% compared to the previous quarter.
Backlog increased $40.1M, this is the first time we’ve seen a backlog increase in over a year!
Q2 GAAP Gross Margins were 11.6%, in Q3 they were 23.5% representing a healthy increase.
GAAP SG&A expenses increased by $200k due to M&A costs of the Virgin Orbit facility.
GAAP R&D expenses increased by $7.1M due to a higher headcount, and to support the Neutron and space systems programs.
Non-GAAP Free Cash Flow increased by $300K. In large due to the Virgin Orbit acquisition, without the acquisition, Non-GAAP Free Cash Flow would’ve been -$16.7M compared to -$38.1M from Q2.
This represents a road to profitability.
They ended Q2 with $419M in cash and cash equivalents.
Next is Neutron development
Neutron development is also on track.
-They finished the stage 2 tank and a qualification campaign will begin in Q3.
-The stage 2 cryogenic test stand rig is build, ready for testing.
-LC-3 pad earthworks commenced.
The Neutron engine, Archimedes has also met a few milestones:
-Trust Chamber development on schedule.
-Injector development testing underway.
-Avionics hardware built and HITL testing underway.
Here are some upcoming milestones for Neutron in 2023:
-Stage 2 structural & cryogenic test campaign
-V1.0 avionics and orbital flights complete in HITL environment
-Stage 1 qualification infrastructure completion
-First development Archimedes engine build completed and test campaign started.
Next, let’s look at some Rocket Lab programs:
-ESCAPADE (the mars mission) is on track and will be ready for launch in 2024.
-The MDA, Globalstar program is on track.
Rocket Lab released its earnings yesterday, let’s take a closer look.
Let’s start with the big announcements:
-BlackSky signed a 5 launch contract for electron. Bringing the total contracted launches from BlackSky to eleven!
-A “confidential” customer signed a launch contract for HASTE in 2024.
-Targeting 4 launches this quarter and targeting 15 launches for the whole year.
-Targeting 20 launches for 2024.
Launch has been postponed!
Comment from #rocketlab :
We are standing down from today’s launch attempt due to out-of-family sensor data. The team will review and we’ll be back to the pad soon. Stay tuned for updates!
It's launch day for Rocket Lab's 40th Electron rocket!
Launch in T-25 minutes.
Watch here: https://www.youtube.com/live/dxdHJHBTUEM?feature=share
#space #rocketlab #nz #newzealand #electron #rocketlaunch #gospace
@michielcornelissen Currently scheduled for August 6th at 5 am UTC.
Some news about #astra. Astra just announced it's laying off 25% of its workforce and is relocating 50 employees from the launch service department to the space systems department.
They also secured a $12.5M from senior notes.
Seems like Astra is refocusing its resources on making as much money as possible in the short term so they can sustain their operations.
They currently have 278+ orders for their space systems segment which represents +$70M in revenue.
Time will tell if they survive 2024.
Virgin Galactic Q2 results
Net loss: $134 million
Revenue: $2 million
Cash & securities: $980 million
Galactic 02 flight remains on track for Aug. 10
https://www.cnbc.com/2023/08/01/virgin-galactic-spce-q2-2023-earnings-report.html
