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Benzinga
Benzinga
Technology
Anusuya Lahiri

Rocket Lab Eyes To Fill The Vacuum Created By Russia's Soyuz

Rocket Lab Russia RKLB Peter Beck Nasdaq
  • Rocket Lab USA Inc (NASDAQ:RKLB) weighed ways to accelerate the development of its next rocket, Bloomberg reports.
  • The invasion of Ukraine effectively ended commercial business for Russia's Soyuz medium-lift rocket. The Russian rocket earned a reputation for being reliable and affordable.
  • Rocket Lab could build three Neutron rockets in 2024, the year it plans to begin flight tests instead of just one, CEO Peter Beck said.
  • The reusable rocket will likely begin commercial service in 2025 and carry ~8,000 kilograms to low-earth orbit, directly competing with Soyuz and Space Exploration Technologies Corp's Falcon 9. 
  • Price Action: RKLB shares traded lower by 2.50% at $8.78 on the last check Wednesday.
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