The Rocket launch itself, not including the satellite equipment on board, started at US$7.5 million, he said. As a result, Rocket Lab lost its rocket, as well as all the satellites it carried on board.The company’s Electron rocket successfully took off at 5:19PM ET from Rocket Lab’s primary launch facility on the Mahia Peninsula in New Zealand. The majority of the company’s flight have been successful. Rocket Lab has launched an investigation after an Electron rocket failed to reach orbit during its latest launch off the Mahia Peninsula on the East Coast this morning.
A Rocket Lab Electron rocket lifts off with seven satellites aboard during a launch from Mahia Peninsula, New Zealand on July 4, 2020. The last payload was a small satellite called Faraday-1, from In-Space Missions, which hosted multiple instruments from startups and other organizations that needed a ride to space. Rocket Lab has launched an investigation after an Electron rocket failed to reach orbit during its latest launch off the Mahia Peninsula on the East Coast this morning. The launch failed to reach orbit. Since its inception, Rocket Lab has put 53 spacecraft into low Earth orbit on 12 separate missions, with this weekend’s launch the third for Rocket Lab this year. “I’m proud of the way they have responded to a tough day. So we won't put another vehicle in the sky until we are really, really happy … we've got tens of thousands of data to trawl through to make those corrections." (Image credit: Rocket Lab)
"We were the fourth most launched rocket in the world last year and this is something we always prepared for … every rocket has a failure at some point, so this is probably hurts our pride a lot more than anything. The issue occurred late in the flight during the 2nd stage burn. "But this doesn't really affect our business or viability thereof in any way. Rocket Lab founder and CEO Peter Beck was not immediately available for comment.On the go and no time to finish that story right now?

We are deeply sorry to the customers on board Electron. The mission, named "Pics Or It Didn't Happen, also included five shoebox-sized Earth observation satellites, for San Francisco company Planet, designed to image Earth from above. The vehicle started losing speed and it dropped in altitudeRocket Lab’s 13th mission ended in failure on Saturday, after the company’s rocket experienced “an anomaly” after launching to space. Register with us and content you save will appear here so you can access them to read later. Rocket Lab has received clearance to launch from the FAA following the failure of its Electron rocket on July 4 and the loss of the half-dozen satellites on board. Before this weekend's failure, Rocket Lab had enjoyed an excellent run of success. The launch seemed to proceed just fine for the first crucial minutes, but about six minutes into the launch, live video from the rocket stalled. The satellite, capable of taking images with a resolution of 90cm, was intended to demonstrate the spacecraft's technologies as the company prepared mass production of similar satellites.

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