RocketLab reaches orbit and will charge less than $5 million per launch

Rocket Lab has successfully reached orbit with the test flight of its second Electron orbital launch vehicle. Electron lifted-off from Rocket Lab Launch Complex 1 on the Mia Peninsula in New Zealand. Following successful first and second stage burns, Electron reached orbit and deployed customer payloads.
* Rocket Labs is targeting US$4.9 million or less per launch
* Rocket Labs is scheduled to launch the Moon Express Xprize lunar rover later this year
* Rocket Labs 3D prints their rockets
* Rocket Labs is launching 150 kilogram payloads
“Today marks the beginning of a new era in commercial access to space. We’re thrilled to reach this milestone so quickly after our first test launch,” says Rocket Lab CEO and founder Peter Beck. “Our incredibly dedicated and talented team have worked tirelessly to develop, build and launch Electron. I’m immensely proud of what they have achieved today.”
“Reaching orbit on a second test flight is significant on its own, but successfully deploying customer payloads so early in a new rocket program is almost unprecedented. Rocket Lab was founded on the principal of opening access to space to better understand our planet and improve life on it. Today we took a significant step towards that,” he says.
In the coming weeks Rocket Lab engineers will analyze the data from today’s launch to inform future launches. Rocket Lab currently has five Electron vehicles in production, with the next launch expected to take place in early 2018.
At full production, Rocket Lab expects to launch more than 50 times a year, and is regulated to launch up to 120 times a year, more than any other commercial or government launch provider in history.
Still Testing was carrying a Dove Pioneer Earth-imaging satellite for launch customer Planet, as well as two Lemur-2 satellites for weather and ship tracking company Spire.
Rocket Lab’s commercial phase will see Electron fly already-signed customers including NASA, Spire, Planet, Moon Express and Spaceflight.