Rocket Lab Successfully Launches Second Batch of TROPICS Satellites for NASA

The ‘Coming To A Storm Near You’ launch was the second of two dedicated Electron launches to deploy a constellation of hurricane monitoring satellites for NASA

Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a leading launch and space systems company, today successfully completed the second of two dedicated Electron launches to deploy a constellation of tropical cyclone monitoring satellites for NASA.

The Coming To A Storm Near You launch lifted-off on May 26 at 15:46 NZST (03:46 UTC) from Rocket Lab Launch Complex 1 on New Zealand’s Mahia Peninsula, deploying the final two CubeSats of NASA’s TROPICS constellation (Time-Resolved Observations of Precipitation structure and storm Intensity with a Constellation of Smallsats) to orbit. ‘Coming To A Storm Near You’ is Rocket Lab’s second of two TROPICS launches for NASA, following the first launch on May 8^th NZST. Like the previous launch, ‘Coming To A Storm Near You’ deployed a pair of shoebox-sized satellites to low Earth orbit to collect tropical storm data more frequently than other weather satellites. The constellation aims to help increase understanding of deadly storms and improve tropical cyclone forecasts

The TROPICS CubeSats required launch to a specific orbit at an altitude of 550 kilometers and inclination of about 30 degrees, with all four satellites needing to be deployed into their operational orbit within a 60-day period ahead. Rocket Lab has now launched all four satellites across two dedicated launches within 18 days, enabling the TROPICS satellites to settle into their orbits and begin commissioning ahead of the 2023 North American storm season which begins in June. While the TROPICS launches were Rocket Lab’s 36^th and 37^th launches, they were unique from most of the Company’s other missions to low Earth orbit due to the 30 degree inclination requirement. To reach such a low inclination from Launch Complex 1, Rocket Lab used Electron’s second stage to place the Kick Stage and TROPICS satellites into a circular orbit, and the Kick Stage’s Curie engine carried out a plane change maneuver to position the TROPICS satellites at 30 degrees.

“Electron was developed for exactly these kids of missions – to deploy spacecraft reliably and on rapid timelines to precise and bespoke orbits, so we’re proud to have delivered that for NASA across both TROPICS launches and meet the deadline for getting TROPICS to orbit in time for the 2023 storm season,” said Rocket Lab founder and CEO Peter Beck. “Thank you to the team at NASA for entrusting us with such an important science mission, we’re grateful to be your mission launch providers once again.”

"We needed multiple launches for this mission," said Dr. Will McCarty, program scientist, NASA's Earth Science Division. "Rocket Lab provided the ability to have the TROPICS CubeSats serve as that primary payload and thus define the orbit based on our scientific objectives."

‘Coming To A Storm Near You’ was Rocket Lab’s fifth mission for 2023 and the Company’s 37^th Electron mission overall. It brings the total number of satellites launched to orbit by Rocket Lab to 163.

Follow Rocket Lab on Twitter @RocketLab for real-time updates on upcoming missions.

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, the Photon satellite platform 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 163 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 pad in Virginia. 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 Exchange Act of 1934, as amended. All statements, other than statements of historical facts, contained in this press release, including statements regarding any expectations of financial results, strategy, future operations, future financial position, projected costs, prospects, plans and objectives of management, are forward-looking statements. Words such as, but not limited to, “anticipate,” “aim,” “believe,” “contemplate,” “continue,” “could,” “design,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “suggest,” “strategy,” “target,” “will,” “would,” and similar expressions or phrases, or the negative of those expressions or phrases, are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements 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 release, including risks related to 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 launch vehicles, spacecraft and components 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; risks that acquisitions do not achieve the anticipated benefits and results; and the other risks detailed from time to time in Rocket Lab’s filings with the Securities and Exchange Commission (the “SEC”), including under the heading “Risk Factors” in Rocket Lab’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, which was filed with the SEC on March 7, 2023, and elsewhere. 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/20230525005935/en/