Rocket Lab secures 20-mission contract with Synspective

Long Beach, California - Rocket Lab Corporation has secured a substantial contract with Tokyo-based Synspective, agreeing to 20 launches of its Electron rocket over the next four years. This marks the largest commercial launch agreement for the company's Electron rocket to date. The 20 missions will focus on deploying StriX synthetic aperture radar satellites into sun-synchronous orbit.

The launch schedule will commence annually from 2028 through 2031. The company has not disclosed the financial details of the agreement. Synspective plans to use these launches to grow its satellite constellation, which is designed to photograph locations on Earth regardless of weather conditions. The constellation relies on synthetic aperture radar technology.

Peter Beck, Rocket Lab's founder and CEO, expressed that this contract serves as a significant endorsement of Electron's performance, reliability, and precision. Motoyuki Arai, Synspective's founder and CEO, welcomed the agreement as it provides long-term assurance for the company's plans to expand its constellation. This contract is part of several multi-launch contracts awarded to Rocket Lab this year, which has increased its launch backlog to over 100 missions.

Rocket Lab manufactures small-lift rockets, including the Electron, and is currently developing a medium-lift rocket named Neutron. The company also provides satellites and spacecraft components for commercial, government, and defense clients.