tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Rocket Lab reports issue during 41st mission, experiences loss of mission

Rocket Lab experienced an issue during the launch of the company’s 41st mission. Following lift-off from Launch Complex 1, the rocket completed a first stage burn and stage separation as planned, before an issue was experienced at around T+ 2 minutes and 30 seconds into flight, resulting in the end of the mission. The company said, “We are deeply sorry to our partners Capella Space for the loss of the mission. We are working closely with the FAA and supporting agencies as the investigation into the root cause commences. The Electron rocket has previously delivered 171 satellites to orbit across 37 successful orbital missions. We will identify the issue swiftly and implement corrective actions and return to the pad shortly. Our next mission, currently scheduled before the end of the third quarter, will be postponed while we implement corrective actions. We anticipate providing revised third quarter revenue guidance in the coming days.”

Meet Your ETF AI Analyst

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on RKLB:

Disclaimer & DisclosureReport an Issue

1