Rocket Lab Signs Second Multi-Launch Deal, Secures Eight Electron Missions with iQPS

Business Wire 27-Feb-2025 4:18 PM

Rocket Lab USA, Inc. (NASDAQ:RKLB) ("Rocket Lab" or "the Company"), a global leader in launch services and space systems, today announced it has signed one of its largest Electron launch agreements to date in a second multi-launch deal with Institute for Q-shu Pioneers of Space, Inc. (iQPS), a Japan-based Earth imaging company.

This newly-signed deal follows an earlier multi-launch contract signed with iQPS in 2024 and brings the total number of booked dedicated Electron launches for iQPS to eight. Across both bulk orders, six missions are scheduled for launch in 2025 and two in 2026. These follow on from Rocket Lab's first launch for iQPS in December 2023, which successfully deployed the QPS-SAR-5 satellite "TSUKUYOMI-I" to orbit. The new deal is one of the largest Electron launch agreements to date, second only to Rocket Lab's ten launch deal with another Japanese constellation operator, Synspective, signed last year.

Each Electron launch supports the build out of iQPS' planned constellation of 36 synthetic aperture radar (SAR) satellites capable of imaging the Earth, day and night and through any weather, to provide near real-time observation data for almost any location in the world. By launching as the sole customer on each Electron mission, iQPS has greater control over launch schedule, orbit, and other mission parameters compared with rideshare launch options, enabling iQPS to maximize the full capacity of iQPS' constellation through tailored and precise orbits.

Rocket Lab founder and CEO, Sir Peter Beck, says: "Precise constellation build out on a tailored timeline is Electron's strength. We know precise orbital positioning is critical to every Earth imaging mission, making it highly sought after by constellation operators. This demand is reflected in the many multi-launch contracts that we continue to sign with return constellation operators like iQPS. We are honored to be partnering with iQPS once again to deliver this capability."

iQPS CEO, Dr. Shunsuke Onishi, says: "We are delighted and grateful to announce an additional launch contract for four more satellite on Electron, following our previous announcement. Electron's high launch frequency and reliability make it an ideal choice for our mission, and securing this opportunity at such an early stage is truly exciting. This contract brings us one step closer to building our satellite constellation over the next two years, and we remain fully committed to making this vision a reality."

The next Electron mission for iQPS is scheduled to launch as soon as March 2025. Full details about the launch will be made available closer to launch day.

Rocket Lab Images and Videos: www.flickr.com/photos/rocketlab/

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 flight-proven spacecraft, 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 more than 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 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 and a third launch pad in Virginia. To learn more, visit www.rocketlabusa.com.

Forward-Looking Statements

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Media contact Murielle Baker media@rocketlabusa.com