Engineer in electromagnetic fields. Bachelor of electrical engineering at M.I.T./ Electric engineer Military Polytechnic Academy
RKLB Stock Alert: Rocket Lab Breaks Annual Launch Record. Belying the otherwise positive development, shares of Rocket Lab (NASDAQ:RKLB) fell conspicuously on Friday. The red ink followed an announcement earlier this morning that the launch services and space systems specialist successfully deployed a satellite for a Japan-based Earth imaging company. Unfortunately, that wasn’t enough for RKLB stock, which dipped sharply, possibly on profitability concerns. According to the accompanying press release, Rocket Lab’s launch represented no. 42 for its Electron rocket. It was also the company’s 10th Electron launch for this year. Notably, this achievement surpassed the company’s prior annual record of nine launches in 2022. As well, the statement emphasized that the Electron retained the title of second-most frequently launched U.S. rocket annually. Further, the mission supported Japan’s Institute for Q-shu Pioneers of Space, Inc. (iQPS). Specifically, the underlying Electron rocket lifted off from the company’s commercial spaceport Launch Complex 1 in New Zealand. Interestingly, the iQPS-SAR-5 satellite is a synthetic-aperture radar (SAR) satellite that will collect high-resolution images of Earth.
