An Electron rocket will launch the Baby Come Back mission from New Zealand on July 17, 2023.
Rocket Lab
Rocket Lab expects to resume launching its Electron vehicle before the end of the year, the company announced Wednesday.
The company is in the final stages of completing an investigation into its most recent Electron launch, which failed mid-flight in September. The Federal Aviation Administration, which is overseeing the investigation into Rocket Lab’s failure, has cleared the company to resume Electron launches from its factory in New Zealand.
“Our investigation team, overseen by the FAA, has been working around the clock since the anomaly occurred to uncover all possible root causes, replicate them during testing, and determine a path for corrective action to prevent similar failure modes in the future . We look forward to sharing the details of the review once it is fully completed,” said Peter Beck, CEO of Rocket Lab, in a statement.
Shares of Rocket Lab rose about 5% in after-hours trading from the closing price of $4.09 per share.
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The company expects the review “to be completed in the coming weeks.”
The September launch was Rocket Lab’s 41st of an Electron vehicle. The company is the most active American rocket launcher after SpaceX.
Rocket Lab is expected to report third-quarter results after markets close on November 8.
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