Rocket Lab Stock Rises on Expanded Synspective Launch Contract
The new agreement adds 10 missions for the Japanese Earth observation company, bringing the total number of contracted launches to 21.
Shares of Rocket Lab (RKLB) gained in after-hours trading after the aerospace company announced a significant expansion of its launch partnership with Synspective, a Japanese Earth observation firm.
The new deal confirms Rocket Lab as the exclusive launch provider for Synspective's synthetic aperture radar (SAR) satellite constellation, adding 10 new missions to the manifest. This brings the total number of contracted launches to 21, underscoring the growing relationship between the two companies. Following the announcement, , reflecting investor optimism about the long-term revenue implications of the contract.
This is the second multi-launch agreement between the two companies, building on a partnership that has already seen Rocket Lab successfully deploy six satellites for Synspective. The upcoming 21 launches are scheduled to take place through the end of the decade, providing a steady cadence of missions for Rocket Lab's Electron rocket.
"We’ve been the sole launch provider for Synspective since their first satellite and we’re honored to continue this partnership," stated . He emphasized the importance of reliable and frequent launches for the successful build-out of satellite constellations, a key market for the company.
The agreement solidifies Rocket Lab's position as a leading provider of small satellite launch services. For Synspective, securing a high-frequency launch schedule is critical to deploying its 36-satellite constellation, which is designed to provide comprehensive Earth observation data for urban development, disaster response, and environmental monitoring. The , but the scale of the contract represents a significant vote of confidence in Rocket Lab's launch capabilities and reliability.