Latest news with #satelliteLaunch
Yahoo
29-06-2025
- Business
- Yahoo
Why Rocket Lab Stock Skyrocketed This Week
The S&P 500 index hit a new record high this week, and so did Rocket Lab stock. Rocket Lab announced that it had entered into a contract to provide two satellite launches for the European Space Agency. The company also launched two of its Electron rockets this week and marked its fastest-ever consecutive launches. 10 stocks we like better than Rocket Lab › Rocket Lab (NASDAQ: RKLB) stock soared this week thanks to a combination of bullish catalysts. The space-tech company's share price climbed 17.8% from the previous Friday's market close in a stretch that saw the S&P 500 index rise 3.4% and set a new record high. Strong bullish momentum shaped the broader market this week as the new ceasefire between Israel and Iran lessened geopolitical volatility and investors bet that the Federal Reserve is poised to take a more dovish stance on interest rates. Rocket Lab stock also got a boost from new rocket launches and rising excitement surrounding defense applications within the space industry. In addition to the bullish backdrop for the broader market, some major business-specific news pushed Rocket Lab's valuation higher this week. As with the S&P 500, the company's stock hit a new record in this week's trading. Rocket Lab announced on Wednesday that it won a new contract with the European Space Agency (ESA) for two satellite launches. The first of the launches could take place as early as December, and the ESA said that it had selected Rocket Lab for the missions because rapid turnaround time for the initiatives was a key priority. Rocket Lab published a press release on Thursday announcing that it had successfully completed the launch of its 67th Electron rocket, which carried four satellites into low-Earth orbit for HawkEye 360 -- a provider of geospatial analytics. The company followed it up with the 68th successful Electron launch on Saturday, marking its fastest-ever turnaround between launches. The space-tech specialist now has a market capitalization of roughly $16.3 billion and is valued at approximately 28.5 times this year's expected sales. While the company's growth-dependent valuation creates potential for downside volatility, the business does appear to be scoring some big wins and is scaling rapidly. Before you buy stock in Rocket Lab, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rocket Lab wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor's total average return is 1,062% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Rocket Lab. The Motley Fool has a disclosure policy. Why Rocket Lab Stock Skyrocketed This Week was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-06-2025
- Business
- Yahoo
German space startup Isar Aerospace secures 150 million euro fund
(Reuters) -German space startup Isar Aerospace obtained 150 million euros ($173 million) in funding from an American investment company, it said on Wednesday. The company, which specializes in satellite launch services, signed an agreement for a convertible bond with Eldridge Industries, it said. The investment will be used to expand its launch service offerings, it added. "We are catering to the rising global demand for satellite launch services and provide global markets and governments with independent and flexible access to space," Daniel Metzler, CEO of the company, said in a statement. Isar Aerospace's first test launch in March failed after its Spectrum rocket crashed shortly after takeoff, but was still celebrated as a success by the industry and authorities. The company is pushing forward efforts to strengthen Europe's position in the aerospace sector, competing with firms such as Elon Musk's SpaceX. ($1 = 0.8625 euros)
Reuters
25-06-2025
- Business
- Reuters
German space startup Isar Aerospace secures 150 million euro fund
June 25 (Reuters) - German space startup Isar Aerospace obtained 150 million euros ($173 million) in funding from an American investment company, it said on Wednesday. The company, which specializes in satellite launch services, signed an agreement for a convertible bond with Eldridge Industries, it said. The investment will be used to expand its launch service offerings, it added. "We are catering to the rising global demand for satellite launch services and provide global markets and governments with independent and flexible access to space," Daniel Metzler, CEO of the company, said in a statement. Isar Aerospace's first test launch in March failed after its Spectrum rocket crashed shortly after takeoff, but was still celebrated as a success by the industry and authorities. The company is pushing forward efforts to strengthen Europe's position in the aerospace sector, competing with firms such as Elon Musk's SpaceX. ($1 = 0.8625 euros)
CBS News
18-06-2025
- Automotive
- CBS News
Honda hails successful test of reusable rocket as it looks to get into the space business
Tokyo — Japan's second-biggest carmaker, Honda, has successfully tested an experimental reusable rocket, the company says, as it seeks to expand into the space sector. Honda, which hopes to develop the tech prowess for a suborbital launch by 2029, conducted a test flight of its rocket on the northern Japanese island of Hokkaido. "The test was completed successfully, the first time Honda landed a rocket after reaching an altitude of nearly 300 meters (about 984 feet)," the company said in a statement on Tuesday. Honda's experimental reusable rocket is seen during what the company said was its successful test launch from the northern Japanese island of Hokkaido on on June 17, 2025. Honda R&D Co. Ltd. The prototype device, around six meters (20 feet) tall, landed only 37 centimeters (a little more than a foot) from its designated landing spot after the one-minute flight. Demand for satellite launch rockets is expected to increase in coming years as expectations grow for "a data system in outer space," the Honda statement said. "Honda has chosen to take on the technological challenge of developing reusable rockets by utilizing Honda technologies amassed in the development of various products and automated driving systems," it said. In the future, the rockets could be used to set up satellite-based communication tools and monitor environmental conditions such as global warming, Honda added. Elon Musk's SpaceX is known for its use of reusable rockets -- a fast-growing field with various companies worldwide racing to develop their own models. Japan's space agency, JAXA, is also on a mission to become a major player for satellite launches, including with its H3 rocket, which isn't reusable. Meanwhile, Japanese startups are vying to enter the busy field, including Space One, which in December suffered its second failed rocket launch.
Times of Oman
18-06-2025
- Automotive
- Times of Oman
Honda pulls off surprise reusable rocket test launch
Tokyo: Japan's second-largest carmaker, Honda, has successfully tested an experimental reusable space rocket on the nothern Japanese island of Hokkaido, the company said in a surprise announcement. "The test was completed successfully, the first time Honda landed a rocket after reaching an altitude of nearly 300 meters (1,000 feet)," the company said in a statement on Tuesday. The carmaker aims to achieve suborbital space flight in 2029. In 2021, Honda said it was studying space technologies such as reusable rockets but made no announcements prior to Tuesday's test. "Honda has chosen to take on the technological challenge of developing reusable rockets by utilizing Honda technologies amassed in the development of various products and automated driving systems," it said. The company said it has made no decisions regarding the commercialisation of this technology but that it has "the potential to contribute more to people's daily lives by launching satellites with its own rockets, that could lead to various services that are also compatible with other Honda business." It added that growing expectations for a "data system in outer space" will likely increase the demand for satellite launch rockets in coming years. The space race returns NASA was the first to successfully test a reusable spacecraft with the Space Shuttle beginning in the 1980s. The booster rockets could be salvaged from the ocean and refurbished, while the Shuttle itself was designed to land like an airplane. More recently, Elon Musk's SpaceX which is known for commercialising reusable rockets that land safely back on Earth. This has been used to establish the global satellite internet network Starlink. Japan's space agency JAXA is also on a mission to become a major player in satellite launches. Japan's government has set up a multibillion-dollar space venture fund to subsidize private rockets, encouraging several Japanese startups to work on the reusable technology.
