A major rocket launch company has announced a design contract with NASA for a project to Mars that strengthens the company’s portfolio of projects.
What Happened: Rocket Lab, which merges with Vector Acquisition Corporation (NASDAQ: VACQ), has announced a design contract with NASA for the Escape and Plasma Acceleration and Dynamics Explorers project.
The Mars project will look at the composition of the planet’s magnetosphere, according to CNBC.
“Traditionally, how interplanetary missions would be carried out, you’re talking about big ten-year missions, with a B (of billions) ahead of them,” Peter Beck, rocket lab’s executive director, told CNBC.
Related link: Rocket Lab is ready to launch SPAC and satellite: what investors should know about SpaceX’s competitor
Why it’s important: Interplanetary mission prices have dropped thanks to the efforts of corporations like Rocket Lab.
Rocket Lab has obtained an agreement from NASA for a project orbiting the Moon with an upcoming launch date, for Beck.
A personal project to use a Rocket Lab Photon spacecraft to Venus is also a component of the Rocket Lab order book.
Rocket Lab seeks to be a “one-stop shop” for small interplanetary missions, he said.
Rocket Lab is working to have its Neutron rocket in time to secure new deals with NASA later this year.
The company is one of only two advertising corporations in the U. S. U. S. They provide normal access to orbit, and SpaceX is the other. At the time of the announcement of pspc’s merger, the company had deployed 97 satellites on 16 missions and, at the time, the U. S. orbital rocket company. U. S.
VACQ Price Action: Shares of Vector Acquisition Corporation rose 0. 88% to $10. 31 at the time of check.