The Long Beach, California-based company is trying to slash the cost of spaceflight by reusing its rockets, a trend pioneered by billionaire tech entrepreneur Elon Musk’s SpaceX.
“I’m pretty confident that if the helicopter pilots can see it, they’ll catch it,” Rocket Lab Chief Executive Peter Beck told Reuters. “If we don’t get it this time, we’ll learn a bunch and we’ll get it the next time, so I’m not super worried.” Rocket Lab, which went public in 2021 through a blank-check merger led by Vector Capital that valued it at $4.1 billion, has launched roughly two dozen missions to orbit for a mix of government and commercial customers, three of which ended in mission failures. The growing field of small rocket companies also includes Astra Space and Richard Branson’s Virgin Orbit.
After the first stage booster launches to space and releases its satellite-topped second stage toward orbit, it is designed to fall back to Earth at eight times the speed of sound, re-entering the atmosphere along a narrow path to rendezvous with the helicopter, which is equipped with tracking computers.
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