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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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