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Neutron Rocket Development: 2024 Updates

Rocket Lab Reaping Benefits Of Virgin Orbit’s Bankruptcy

Rocket Lab continues to reap the benefits of consistent execution and smart allocation of resources:

Canada’s NorthStar Earth and Space has signed a multi-launch deal with Rocket Lab after Virgin Orbit’s bankruptcy shattered plans to start deploying its space situational awareness (SSA) satellites this summer.

Rocket Lab is contracted to launch the venture’s first four satellites this fall on an Electron rocket, NorthStar announced June 22. Spire Global is providing the satellites, each the size of 16 cubesats.

NorthStar had planned to launch three satellites in its initial batch with Virgin Orbit, before the air-launch company fell into bankruptcy in April.

And this after Rocket Lab swooped in and picked up $100 million worth of Virgin Orbit resources for $16 million. Expect more wins as economic conditions weed out “rocket companies” that have only built Power Point decks.