Rocket Lab pushes back first Neutron launch to 2027

Rocket Lab has once again postponed the inaugural launch of its Neutron rocket, this time citing manufacturing challenges with carbon composite components. The innovative launcher, a significant upgrade from their established Electron model, is designed to transport up to 13,000 kg to Low Earth Orbit. Initially targeted for a 2024 launch, the date was repeatedly pushed back to 2025, then 2026, and finally, 2027.

During a recent briefing, Rocket Lab's CEO Peter Beck indicated that testing of the problematic components is expected to conclude by the end of Q1 2027, at which point a new launch date would be determined. The issues arose from third-party processing of a first-stage tank, leading Rocket Lab to shift to its own internal procedures.

However, a new hurdle surfaced: voids formed within the carbon composite layers during manufacturing, which could reduce safety margins. Despite this setback, Beck assured that the issue has been resolved. Originally, Rocket Lab aimed to position the Neutron on the launch pad by the end of 2026. Recent reports suggest that cryo and hydrostatic testing may not be completed until Q1 2027.

The company's stock price has experienced a decline following the announcement, falling from approximately $63 to near $53 in after-hours trading. Upon completion, the Neutron will be equipped with a fully reusable first stage and a Hungry Hippo clamshell fairing, which opens to deploy a second stage before returning to Earth for another mission.

The timing of Neutron's operational readiness is particularly noteworthy as it arrives at a time when SpaceX is reportedly considering winding down the production of the Falcon 9 in favor of the Starship. While the Falcon 9 boasts a greater payload capacity, Neutron's mass capabilities place it in the same competitive class.