LEAP 71
Welcome to Edition 6.49 of the Rocket Report! I want to open this week’s report with a hearty congratulations to Rocket Lab for the company’s 50th launch since Electron’s debut in 2017. This is a fine achievement for a company founded in New Zealand, a country with virtually no space program.
As always, we welcome reader submissions, and if you don’t want to miss an issue, please subscribe using the box below (the form will not appear on AMP-enabled versions of the site). Each report will include information on small-, medium-, and heavy-lift rockets and a quick look ahead at the next three launches on the calendar.
Electron celebrates its 50th. On Thursday, Rocket Lab launched its 50th Electron mission, “No Time Toulouse.” The mission successfully deployed five Internet-of-Things satellites for the French company Kinéis. This is a nice milestone for the company founded by Peter Beck in New Zealand. With this mission, Rocket Lab becomes the fastest company to go from one launch to 50 launches of a privately developed rocket, surpassing even SpaceX. The company’s first Electron mission came about seven years ago.
A rare feat… “The launch industry is not an easy or forgiving one. Making it to your first launch is not a given, so reaching 50 Electron launches is an enormous achievement and a rare feat in the history of spaceflight,” Beck said. Ars will have more about this feat, the past, and the future of Rocket Lab in a forthcoming article based on a recent interview with Beck.
Isar raises $70 million more. Germany-based small launch vehicle developer Isar Aerospace has raised more than 65 million euros ($70 million) in an extension of an earlier funding round, Space News reports. The company said Thursday that its “extended” Series C round was now valued at 220 million euros, bringing its total fundraising to date to 400 million euros. This is more than any other launch startup in Europe. It’s an impressive total.
Lighting up the spectrum... Among the participants in the latest round is the NATO Innovation Fund, a new venture fund backed by 24 of NATO’s 32 member states. The company said the additional funding will go toward efforts to scale up production of its Spectrum small launch vehicle. Isar is advancing toward stage testing of the Spectrum rocket, which is intended to carry 1 metric ton to low-Earth orbit. The vehicle’s debut launch may occur next year. (submitted by Ken the Bin and EllPeaTea)
Rocket Lab inks big Electron contract. The launch company said this week it has signed the largest Electron deal in its history with the Japanese Earth observation company Synspective. The Japanese firm agreed to purchase an additional 10 launches on Electron. Rocket Lab has been the sole launch provider for Synspective since 2020, successfully launching four missions for the company to date. (This announcement explains why, when I interviewed Rocket Lab chief Peter Beck this week, he was in Japan.)
A positive experience on Electron… In addition to the 10 new dedicated launches signed this week, another two launches for Synspective have already been booked and are scheduled to fly this year from Launch Complex 1 in New Zealand. The launches in the new deal will take place from 2025 to 2027. “This agreement gives us a solid foundation and confidence, as Rocket Lab is an innovative launch provider,” said Motoyuki Arai, the founder and chief executive of Synspective. (submitted by Ken the Bin)
Matthew Brown to be taken down? The US Securities and Exchange Commission has sued a self-proclaimed venture capitalist, Matthew Brown, for making a “bogus offer” to acquire Virgin Orbit in the weeks before the launch company went bankrupt. According to the lawsuit filed Monday and reported by Bloomberg, Matthew Brown “made false and misleading statements and omissions about his investment experience and funds available to make such an offer.” The SEC asserted that Brown sent Virgin Orbit a fabricated screenshot of his company’s bank account, claiming it held $182 million when, in reality, it had a balance of less than $1.
Brown intends to fight the allegations… “The SEC’s complaint is filled with egregious errors, fabrications, and biased allegations that undeniably favor the culprit, Virgin Orbit’s Management,” a statement from a representative for Brown and his companies said. Brown’s intervention came in the final days before Virgin Orbit declared bankruptcy, as the small launch company sought to find a buyer to preserve its LauncherOne rocket. Dan Hart, the former chief executive officer of Virgin Orbit, told the publication that the Brown bid was “an unneeded distraction” when the leadership team was “trying to find a path forward for the company.” Ultimately, no such path could be found.
Autonomously designed engine is fired up. A Dubai-based company, LEAP 71, says it has developed a “Large Computational Engineering Model” that can autonomously design rocket engines. To that end, LEAP 71 co-founder Lin Kayser said the company’s engineering model autonomously designed a small rocket engine in two weeks. Then the kerosene-liquid oxygen engine was 3D printed in copper and test fired. With 1,124 pounds of thrust, the engine generated 20,000 horsepower and completed all of its tests, including a long-duration burn, the company said.
Putting the rapid in rapid iteration… “Each new design iteration takes only about 15 minutes and is ready to print again,” Kayser told Ars in an email. “The idea is to reduce engineering time and maximize testing iterations. Most rocket startups are still stuck in the long process of reengineering when they get their test results; we hope to eliminate that.” Notably, the company also claims this is the first liquid-fueled rocket engine to be developed in the United Arab Emirates.
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