Rocket Lab Just Booked Its Biggest Contract Ever (Again)

Rocket Lab's recent contract with Japanese company Synspective has set a new milestone for the rocket company. Synspective has ordered 20 more rocket launches, more than tripling the size of its Synthetic Aperture Radar satellite constellation. This brings Synspective to become Rocket Lab's largest customer, with a total order of 47 rocket launches. Assuming an advertised price of $8.4 million per launch, the total revenue from these launches would amount to $168 million.

This deal further expands Rocket Lab's backlog of launch contracts, surpassing the 100 missions mark and adding more than $840 million in potential future revenue. Rocket Lab also announced the first launch of its Neutron reusable rocket, a larger vehicle with the potential to transform the company's business by serving customers needing to put larger satellites into orbit.

However, with only 40 times the payload capacity of an Electron, and a price tag six times higher, Neutron's launch cadence will be slow, with only one launch in the first year, three in the second, and five in the third.