Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Rocket Lab to Recover Electron Rocket, Introduce Helicopter Operations During Next Launch By: Rocket Lab USA, Inc via Business Wire October 19, 2021 at 16:10 PM EDT The mission is the latest in Rocket Lab’s program to make Electron the first reusable orbital launch vehicle dedicated to small satellites. After splashing down in the ocean, Electron’s first stage will be recovered by ship and transported back to Rocket Lab’s production complex for analysis. For the first time, a helicopter will track and observe Electron’s descent in preparation for future missions which aim to use helicopters to intercept and capture returning rocket boosters mid-air as they return to Earth under parachute. Rocket Lab USA, Inc (“Rocket Lab” or the “Company”) (Nasdaq: RKLB) has today revealed it will attempt a controlled ocean splashdown and recovery of the first stage of an Electron rocket during the company’s next launch in November. The mission will be Rocket Lab’s third ocean recovery of an Electron stage; however, it will be the first time a helicopter will be stationed in the recovery zone around 200 nautical miles offshore to track and visually observe a descending stage in preparation for future aerial capture attempts. The helicopter will not attempt a mid-air capture for this mission but will test communications and tracking to refine the concept of operations (CONOPS) for future Electron aerial capture. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211019005608/en/The Electron booster for Rocket Lab's upcoming recovery mission (front) inside Rocket Lab's production facility as it undergoes final preparations before launch. (Photo: Business Wire) The ‘Love At First Insight’ mission is scheduled to lift-off from Launch Complex 1 in New Zealand during a 14-day launch window that opens on November 11, 2021 UTC. The mission’s primary objective is to deploy two Earth-observation satellites for global monitoring company BlackSky, with the secondary objective to splash down and recover Electron’s first stage to further validate Rocket Lab’s recovery operations and hardware. “As one of only two companies to recover an orbital-class booster from space, we’ve proven it’s possible to make Electron the world’s first orbital-class reusable small launch vehicle,” says Peter Beck, Rocket Lab founder and CEO. “We’ve perfected Electron’s controlled descent, demonstrated flawless parachute deployment, and successfully plucked stages from the ocean. Now we’re gearing up for the next stage – preparing to use a helicopter to catch a rocket as it descends to Earth from space. It’s ambitious, but with each recovery mission we’ve iterated and refined the hardware and processes to make the impossible ordinary. I’m excited to take what we learn from this launch and put it into practice with aerial capture missions in future.” Rocket Lab will be tracking the stage’s descent from space and as it approaches 19,000 ft (5.7 km) from the ocean surface, a helicopter will be dispatched to conduct reconnaissance of the returning booster. The ‘Love At First Insight’ mission will also include new recovery hardware developments to Electron including an advanced parachute to be deployed from the first stage at a higher-altitude, allowing for a slower drift back to Earth to test communications and tracking for future aerial recovery. Electron also features improvements to the first stage heat shield which protects its nine Rutherford engines while they endure up to 2200 °C heat and incredible pressure on the descent back to Earth. A team of Rocket Lab engineers and technicians will again be stationed at sea with their purpose-built Ocean Recovery and Capture Apparatus (ORCA) to retrieve the stage from the ocean and return it to Rocket Lab’s production complex in New Zealand for analysis and inspection. The ‘Love At First Insight’ mission follows two previous ocean splashdown recovery missions; the ‘Return to Sender’ mission in November 2020, and the ‘Running Out of Toes’ mission in May 2021. A livestream of the launch and real-time updates of recovery operations for ‘Love At First Insight’ will be available on Rocket Lab’s social media channels and website. + note to editors: ‘Love At First Insight’ launch and recovery operations timeline: Approximately two and a half minutes after lift-off, the nine Rutherford engines on Electron’s first stage will shut down and Electron’s first and second stages will separate. Electron’s second stage will continue with the customer’s payload to space, where the Kick Stage will separate and deploy the satellites. Following stage separation, Electron’s first stage will begin its descent. A cold-gas reaction control system will position the stage on an ideal angle to re-enter the atmosphere. While descending, Electron’s first stage is expected to experience intense heat and pressure while travelling up to eight times the speed of sound before significantly decelerating to enable a drogue parachute to be deployed. At approximately seven and a half minutes into the mission, Electron’s drogue parachute will be deployed at around 43,000 ft (13 km) altitude. This drogue parachute both increases the booster’s drag and stabilizes its descent as it approaches the ocean. Earlier and higher than on previous flights, the large main parachute will be deployed less than a minute after the drogue, at an altitude of 19,000 ft (5.7 km) to further slow the stage and enable a controlled splashdown. A key objective of this mission is to increase the drift-time of Electron’s first stage to test communications and tracking for future aerial recovery efforts. Upon receiving the all-clear from the recovery team stationed at sea, a nearby helicopter will be deployed to sight the returning stage and observe its descent to record data that will help refine Electron aerial capture CONOPS. Once in the ocean, Rocket Lab engineers will attempt to retrieve the stage onboard their vessel with their purpose-built Ocean Recovery and Capture Apparatus (ORCA), a specialised cradle and winch system manufactured to Electron specifications and dimensions, before transporting the stage back to Rocket Lab’s production complex for analysis and inspection. + further mission information https://www.rocketlabusa.com/missions/next-mission/ + images and video content www.rocketlabusa.com/news/updates/link-to-rocket-lab-imagery-and-video + live launch webcast The live launch webcast will be available approximately 15 minutes prior to lift-off at: www.rocketlabusa.com/live-stream 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, spacecraft components, satellites and other spacecraft 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 and the Photon satellite platform and is developing the Neutron 8-ton payload class launch vehicle. 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 105 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 Photon spacecraft platform has 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, one of which is currently operational, and a second launch site in Virginia, USA which is expected to become operational by the end of 2021. To learn more, visit www.rocketlabusa.com. Forward-Looking Statements This press release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. These forward-looking statements, including without limitation expectations regarding the timing of scheduled launches, are based on Rocket Lab’s current expectations and beliefs concerning future developments and their potential effects. These forward-looking statements involve a number of risks, uncertainties (many of which are beyond Rocket Lab’s control), or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including risks related to the global COVID-19 pandemic, including risks related to government restrictions and lock-downs in New Zealand and other countries in which we operate that could delay or suspend our operations; delays and disruptions in expansion efforts; our dependence on a limited number of customers; the harsh and unpredictable environment of space in which our products operate which could adversely affect our launch vehicle and spacecraft; increased congestion from the proliferation of low Earth orbit constellations which could materially increase the risk of potential collision with space debris or another spacecraft and limit or impair our launch flexibility and/or access to our own orbital slots; increased competition in our industry due in part to rapid technological development and decreasing costs; technological change in our industry which we may not be able to keep up with or which may render our services uncompetitive; average selling price trends; failure of our satellites to operate as intended either due to our error in design in production or through no fault of our own; launch schedule disruptions; supply chain disruptions, product delays or failures; design and engineering flaws; launch failures; natural disasters and epidemics or pandemics; changes in governmental regulations including with respect to trade and export restrictions, or in the status of our regulatory approvals or applications; or other events that force us to cancel or reschedule launches, including customer contractual rescheduling and termination rights, and the other risks detailed from time to time in Rocket Lab’s filings with the Securities and Exchange Commission under the heading “Risk Factors” and elsewhere (including that the impact of the COVID-19 pandemic may also exacerbate the risks discussed therein). There can be no assurance that the future developments affecting Rocket Lab will be those that we have anticipated. Except as required by law, Rocket Lab is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20211019005608/en/Contacts + Rocket Lab Media Contact Murielle Baker media@rocketlabusa.com +64 27 538 9040 Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Rocket Lab to Recover Electron Rocket, Introduce Helicopter Operations During Next Launch By: Rocket Lab USA, Inc via Business Wire October 19, 2021 at 16:10 PM EDT The mission is the latest in Rocket Lab’s program to make Electron the first reusable orbital launch vehicle dedicated to small satellites. After splashing down in the ocean, Electron’s first stage will be recovered by ship and transported back to Rocket Lab’s production complex for analysis. For the first time, a helicopter will track and observe Electron’s descent in preparation for future missions which aim to use helicopters to intercept and capture returning rocket boosters mid-air as they return to Earth under parachute. Rocket Lab USA, Inc (“Rocket Lab” or the “Company”) (Nasdaq: RKLB) has today revealed it will attempt a controlled ocean splashdown and recovery of the first stage of an Electron rocket during the company’s next launch in November. The mission will be Rocket Lab’s third ocean recovery of an Electron stage; however, it will be the first time a helicopter will be stationed in the recovery zone around 200 nautical miles offshore to track and visually observe a descending stage in preparation for future aerial capture attempts. The helicopter will not attempt a mid-air capture for this mission but will test communications and tracking to refine the concept of operations (CONOPS) for future Electron aerial capture. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211019005608/en/The Electron booster for Rocket Lab's upcoming recovery mission (front) inside Rocket Lab's production facility as it undergoes final preparations before launch. (Photo: Business Wire) The ‘Love At First Insight’ mission is scheduled to lift-off from Launch Complex 1 in New Zealand during a 14-day launch window that opens on November 11, 2021 UTC. The mission’s primary objective is to deploy two Earth-observation satellites for global monitoring company BlackSky, with the secondary objective to splash down and recover Electron’s first stage to further validate Rocket Lab’s recovery operations and hardware. “As one of only two companies to recover an orbital-class booster from space, we’ve proven it’s possible to make Electron the world’s first orbital-class reusable small launch vehicle,” says Peter Beck, Rocket Lab founder and CEO. “We’ve perfected Electron’s controlled descent, demonstrated flawless parachute deployment, and successfully plucked stages from the ocean. Now we’re gearing up for the next stage – preparing to use a helicopter to catch a rocket as it descends to Earth from space. It’s ambitious, but with each recovery mission we’ve iterated and refined the hardware and processes to make the impossible ordinary. I’m excited to take what we learn from this launch and put it into practice with aerial capture missions in future.” Rocket Lab will be tracking the stage’s descent from space and as it approaches 19,000 ft (5.7 km) from the ocean surface, a helicopter will be dispatched to conduct reconnaissance of the returning booster. The ‘Love At First Insight’ mission will also include new recovery hardware developments to Electron including an advanced parachute to be deployed from the first stage at a higher-altitude, allowing for a slower drift back to Earth to test communications and tracking for future aerial recovery. Electron also features improvements to the first stage heat shield which protects its nine Rutherford engines while they endure up to 2200 °C heat and incredible pressure on the descent back to Earth. A team of Rocket Lab engineers and technicians will again be stationed at sea with their purpose-built Ocean Recovery and Capture Apparatus (ORCA) to retrieve the stage from the ocean and return it to Rocket Lab’s production complex in New Zealand for analysis and inspection. The ‘Love At First Insight’ mission follows two previous ocean splashdown recovery missions; the ‘Return to Sender’ mission in November 2020, and the ‘Running Out of Toes’ mission in May 2021. A livestream of the launch and real-time updates of recovery operations for ‘Love At First Insight’ will be available on Rocket Lab’s social media channels and website. + note to editors: ‘Love At First Insight’ launch and recovery operations timeline: Approximately two and a half minutes after lift-off, the nine Rutherford engines on Electron’s first stage will shut down and Electron’s first and second stages will separate. Electron’s second stage will continue with the customer’s payload to space, where the Kick Stage will separate and deploy the satellites. Following stage separation, Electron’s first stage will begin its descent. A cold-gas reaction control system will position the stage on an ideal angle to re-enter the atmosphere. While descending, Electron’s first stage is expected to experience intense heat and pressure while travelling up to eight times the speed of sound before significantly decelerating to enable a drogue parachute to be deployed. At approximately seven and a half minutes into the mission, Electron’s drogue parachute will be deployed at around 43,000 ft (13 km) altitude. This drogue parachute both increases the booster’s drag and stabilizes its descent as it approaches the ocean. Earlier and higher than on previous flights, the large main parachute will be deployed less than a minute after the drogue, at an altitude of 19,000 ft (5.7 km) to further slow the stage and enable a controlled splashdown. A key objective of this mission is to increase the drift-time of Electron’s first stage to test communications and tracking for future aerial recovery efforts. Upon receiving the all-clear from the recovery team stationed at sea, a nearby helicopter will be deployed to sight the returning stage and observe its descent to record data that will help refine Electron aerial capture CONOPS. Once in the ocean, Rocket Lab engineers will attempt to retrieve the stage onboard their vessel with their purpose-built Ocean Recovery and Capture Apparatus (ORCA), a specialised cradle and winch system manufactured to Electron specifications and dimensions, before transporting the stage back to Rocket Lab’s production complex for analysis and inspection. + further mission information https://www.rocketlabusa.com/missions/next-mission/ + images and video content www.rocketlabusa.com/news/updates/link-to-rocket-lab-imagery-and-video + live launch webcast The live launch webcast will be available approximately 15 minutes prior to lift-off at: www.rocketlabusa.com/live-stream 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, spacecraft components, satellites and other spacecraft 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 and the Photon satellite platform and is developing the Neutron 8-ton payload class launch vehicle. 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 105 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 Photon spacecraft platform has 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, one of which is currently operational, and a second launch site in Virginia, USA which is expected to become operational by the end of 2021. To learn more, visit www.rocketlabusa.com. Forward-Looking Statements This press release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. These forward-looking statements, including without limitation expectations regarding the timing of scheduled launches, are based on Rocket Lab’s current expectations and beliefs concerning future developments and their potential effects. These forward-looking statements involve a number of risks, uncertainties (many of which are beyond Rocket Lab’s control), or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including risks related to the global COVID-19 pandemic, including risks related to government restrictions and lock-downs in New Zealand and other countries in which we operate that could delay or suspend our operations; delays and disruptions in expansion efforts; our dependence on a limited number of customers; the harsh and unpredictable environment of space in which our products operate which could adversely affect our launch vehicle and spacecraft; increased congestion from the proliferation of low Earth orbit constellations which could materially increase the risk of potential collision with space debris or another spacecraft and limit or impair our launch flexibility and/or access to our own orbital slots; increased competition in our industry due in part to rapid technological development and decreasing costs; technological change in our industry which we may not be able to keep up with or which may render our services uncompetitive; average selling price trends; failure of our satellites to operate as intended either due to our error in design in production or through no fault of our own; launch schedule disruptions; supply chain disruptions, product delays or failures; design and engineering flaws; launch failures; natural disasters and epidemics or pandemics; changes in governmental regulations including with respect to trade and export restrictions, or in the status of our regulatory approvals or applications; or other events that force us to cancel or reschedule launches, including customer contractual rescheduling and termination rights, and the other risks detailed from time to time in Rocket Lab’s filings with the Securities and Exchange Commission under the heading “Risk Factors” and elsewhere (including that the impact of the COVID-19 pandemic may also exacerbate the risks discussed therein). There can be no assurance that the future developments affecting Rocket Lab will be those that we have anticipated. Except as required by law, Rocket Lab is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20211019005608/en/Contacts + Rocket Lab Media Contact Murielle Baker media@rocketlabusa.com +64 27 538 9040
The mission is the latest in Rocket Lab’s program to make Electron the first reusable orbital launch vehicle dedicated to small satellites. After splashing down in the ocean, Electron’s first stage will be recovered by ship and transported back to Rocket Lab’s production complex for analysis. For the first time, a helicopter will track and observe Electron’s descent in preparation for future missions which aim to use helicopters to intercept and capture returning rocket boosters mid-air as they return to Earth under parachute.
Rocket Lab USA, Inc (“Rocket Lab” or the “Company”) (Nasdaq: RKLB) has today revealed it will attempt a controlled ocean splashdown and recovery of the first stage of an Electron rocket during the company’s next launch in November. The mission will be Rocket Lab’s third ocean recovery of an Electron stage; however, it will be the first time a helicopter will be stationed in the recovery zone around 200 nautical miles offshore to track and visually observe a descending stage in preparation for future aerial capture attempts. The helicopter will not attempt a mid-air capture for this mission but will test communications and tracking to refine the concept of operations (CONOPS) for future Electron aerial capture. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211019005608/en/The Electron booster for Rocket Lab's upcoming recovery mission (front) inside Rocket Lab's production facility as it undergoes final preparations before launch. (Photo: Business Wire) The ‘Love At First Insight’ mission is scheduled to lift-off from Launch Complex 1 in New Zealand during a 14-day launch window that opens on November 11, 2021 UTC. The mission’s primary objective is to deploy two Earth-observation satellites for global monitoring company BlackSky, with the secondary objective to splash down and recover Electron’s first stage to further validate Rocket Lab’s recovery operations and hardware. “As one of only two companies to recover an orbital-class booster from space, we’ve proven it’s possible to make Electron the world’s first orbital-class reusable small launch vehicle,” says Peter Beck, Rocket Lab founder and CEO. “We’ve perfected Electron’s controlled descent, demonstrated flawless parachute deployment, and successfully plucked stages from the ocean. Now we’re gearing up for the next stage – preparing to use a helicopter to catch a rocket as it descends to Earth from space. It’s ambitious, but with each recovery mission we’ve iterated and refined the hardware and processes to make the impossible ordinary. I’m excited to take what we learn from this launch and put it into practice with aerial capture missions in future.” Rocket Lab will be tracking the stage’s descent from space and as it approaches 19,000 ft (5.7 km) from the ocean surface, a helicopter will be dispatched to conduct reconnaissance of the returning booster. The ‘Love At First Insight’ mission will also include new recovery hardware developments to Electron including an advanced parachute to be deployed from the first stage at a higher-altitude, allowing for a slower drift back to Earth to test communications and tracking for future aerial recovery. Electron also features improvements to the first stage heat shield which protects its nine Rutherford engines while they endure up to 2200 °C heat and incredible pressure on the descent back to Earth. A team of Rocket Lab engineers and technicians will again be stationed at sea with their purpose-built Ocean Recovery and Capture Apparatus (ORCA) to retrieve the stage from the ocean and return it to Rocket Lab’s production complex in New Zealand for analysis and inspection. The ‘Love At First Insight’ mission follows two previous ocean splashdown recovery missions; the ‘Return to Sender’ mission in November 2020, and the ‘Running Out of Toes’ mission in May 2021. A livestream of the launch and real-time updates of recovery operations for ‘Love At First Insight’ will be available on Rocket Lab’s social media channels and website. + note to editors: ‘Love At First Insight’ launch and recovery operations timeline: Approximately two and a half minutes after lift-off, the nine Rutherford engines on Electron’s first stage will shut down and Electron’s first and second stages will separate. Electron’s second stage will continue with the customer’s payload to space, where the Kick Stage will separate and deploy the satellites. Following stage separation, Electron’s first stage will begin its descent. A cold-gas reaction control system will position the stage on an ideal angle to re-enter the atmosphere. While descending, Electron’s first stage is expected to experience intense heat and pressure while travelling up to eight times the speed of sound before significantly decelerating to enable a drogue parachute to be deployed. At approximately seven and a half minutes into the mission, Electron’s drogue parachute will be deployed at around 43,000 ft (13 km) altitude. This drogue parachute both increases the booster’s drag and stabilizes its descent as it approaches the ocean. Earlier and higher than on previous flights, the large main parachute will be deployed less than a minute after the drogue, at an altitude of 19,000 ft (5.7 km) to further slow the stage and enable a controlled splashdown. A key objective of this mission is to increase the drift-time of Electron’s first stage to test communications and tracking for future aerial recovery efforts. Upon receiving the all-clear from the recovery team stationed at sea, a nearby helicopter will be deployed to sight the returning stage and observe its descent to record data that will help refine Electron aerial capture CONOPS. Once in the ocean, Rocket Lab engineers will attempt to retrieve the stage onboard their vessel with their purpose-built Ocean Recovery and Capture Apparatus (ORCA), a specialised cradle and winch system manufactured to Electron specifications and dimensions, before transporting the stage back to Rocket Lab’s production complex for analysis and inspection. + further mission information https://www.rocketlabusa.com/missions/next-mission/ + images and video content www.rocketlabusa.com/news/updates/link-to-rocket-lab-imagery-and-video + live launch webcast The live launch webcast will be available approximately 15 minutes prior to lift-off at: www.rocketlabusa.com/live-stream 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, spacecraft components, satellites and other spacecraft 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 and the Photon satellite platform and is developing the Neutron 8-ton payload class launch vehicle. 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 105 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 Photon spacecraft platform has 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, one of which is currently operational, and a second launch site in Virginia, USA which is expected to become operational by the end of 2021. To learn more, visit www.rocketlabusa.com. Forward-Looking Statements This press release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. These forward-looking statements, including without limitation expectations regarding the timing of scheduled launches, are based on Rocket Lab’s current expectations and beliefs concerning future developments and their potential effects. These forward-looking statements involve a number of risks, uncertainties (many of which are beyond Rocket Lab’s control), or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including risks related to the global COVID-19 pandemic, including risks related to government restrictions and lock-downs in New Zealand and other countries in which we operate that could delay or suspend our operations; delays and disruptions in expansion efforts; our dependence on a limited number of customers; the harsh and unpredictable environment of space in which our products operate which could adversely affect our launch vehicle and spacecraft; increased congestion from the proliferation of low Earth orbit constellations which could materially increase the risk of potential collision with space debris or another spacecraft and limit or impair our launch flexibility and/or access to our own orbital slots; increased competition in our industry due in part to rapid technological development and decreasing costs; technological change in our industry which we may not be able to keep up with or which may render our services uncompetitive; average selling price trends; failure of our satellites to operate as intended either due to our error in design in production or through no fault of our own; launch schedule disruptions; supply chain disruptions, product delays or failures; design and engineering flaws; launch failures; natural disasters and epidemics or pandemics; changes in governmental regulations including with respect to trade and export restrictions, or in the status of our regulatory approvals or applications; or other events that force us to cancel or reschedule launches, including customer contractual rescheduling and termination rights, and the other risks detailed from time to time in Rocket Lab’s filings with the Securities and Exchange Commission under the heading “Risk Factors” and elsewhere (including that the impact of the COVID-19 pandemic may also exacerbate the risks discussed therein). There can be no assurance that the future developments affecting Rocket Lab will be those that we have anticipated. Except as required by law, Rocket Lab is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20211019005608/en/
