Origin (2006–2012) Rocket Lab was founded in June 2006 During the trip, Beck realized the possibility and potential for a low-cost, small rocket. While contacting potential investors, he met
Mark Rocket, who later became a
seed investor and was co-director from 2007 to 2011. Other investors to the company included
Stephen Tindall,
Vinod Khosla, and the
New Zealand Government. The company became the first private company in the Southern Hemisphere to reach space after launching its Ātea-1
sounding rocket in November 2009. The payload was not recovered, and the launch was deemed unsuccessful. The payload was a ballistic instrumentation dart and its trajectory depended only on the
boost phase. The launch took place off the coast of New Zealand, from the private island (
Great Mercury Island) of
Michael Fay, a New Zealand banker and Rocket Lab investor. The agreement with
NASA enabled the company to contract for limited
NASA resources, including personnel, facilities, and equipment, for commercial launch efforts.
United States move (2013–2020) posing in front of Rocket Lab's
sounding rockets, 2016 Around 2013, the company moved to the United States and established its headquarters in
Huntington Beach, California. The move coincided with funding from American sources, and was in part due to increased U.S. government involvement. In 2020, Rocket Lab moved to
Long Beach. The move was motivated by the need to accommodate the company's growing workforce and to be closer to suppliers and customers. The new facility includes a state-of-the-art production facility for manufacturing the company's
Electron launch vehicle, as well as administrative offices and other support facilities. In 2013, funding was obtained from
Khosla Ventures, and
Callaghan Innovation (a
Crown entity of New Zealand). and
Lockheed Martin invested in 2015. Rocket Lab announced in March 2017 that it had raised an additional US$75 million in a
Series D equity round led by Data Collective with participation by Promus Ventures and earlier investors. In May 2017,
Callaghan Innovation funding was reported to total NZ$15 million. The first
NASA mission, launched in 2018, was valued by the space agency at $6.9 million (with launch services, etc., included). In 2018, Rocket Lab began to develop
reusable first stage technology, after previously stating publicly that they had no intention of attempting to recover and reuse their launch vehicles. They disclosed the effort to study the potential recovery of an Electron first stage in August 2019, aiming to use a
parachute and
mid-air retrieval. In December 2019, they
flight tested the
reentry technology, a Rocket Lab proprietary
aerothermal decelerator, on Electron flight number 10, and were able to decelerate the rocket and successfully bring it through the space to
lower atmosphere transition. In March 2020, the company announced that it had acquired Sinclair Interplanetary, a Canadian manufacturer of components for small satellites. Rocket Lab said that it would use Sinclair technology on its
Photon line of small
satellite buses, and that it would help Sinclair increase production of small satellite components for sale to other firms. Thereafter, Rocket Lab launched missions with some or all of the payload being made by Sinclair Interplanetary.
Public company (2021–present) Administrator
Bill Nelson and Deputy Administrator
Pamela Melroy at the Rocket Lab facility in Auckland, 2023 In March 2021, the company announced that it was planning to go public through an
initial public offering (IPO) of stock in the second quarter of 2021. The company planned to accomplish the IPO through a
merger with a
special-purpose acquisition company (SPAC) called Vector Acquisition Corporation (VACQ). The merger planned to value the company at US$4.1 billion and provide the company with $790 million in working capital to support the
development of a
medium-lift two-stage-to-orbit launch vehicle called
Neutron, aiming for the
mega-constellation satellite deployment market. The company began trading on the
Nasdaq stock exchange on 25 August 2021 after merging with SPAC Vector Acquisition at a $4.8 billion valuation. The transaction added $777 million in gross cash. At the time, Rocket Lab had over 500 employees, and it had successfully launched 105 satellites into orbit. Rocket Lab aimed to launch Neutron by 2025. As of August 2021, the company intended to build a new factory in the United States to manufacture the rockets as well as launch infrastructure for Neutron at the
Mid-Atlantic Regional Spaceport in
Wallops Island, Virginia. In November 2021, the company acquired Planetary Systems Corporation (PSC), a manufacturer of
satellite separation systems, for $81.4 million. In January 2022, the company acquired SolAero, a supplier of space solar power products. On 3 May 2022, in the "There And Back Again" mission, the company launched its
Electron rocket from New Zealand and attempted to recover it for the first time. It was able to capture the falling
rocket booster in mid-air, a historic first.
Beck later said that the booster was hanging improperly, so it was allowed to parachute into the water where it was extracted by a ship. In August 2022, the company revealed plans to become the first private company to reach
Venus. The company is building a small probe, called the
Venus Life Finder (VLF), which is designed to plunge through Venus's upper atmosphere for roughly five minutes between and above the planet's surface, searching for organic compounds. In October 2023, Rocket Lab officially opened its engine development facility in Long Beach to support the development of the
Archimedes engine. The facility, including production assets such as machinery and equipment, had been acquired in May 2023 out of
Virgin Orbit's bankruptcy proceedings. In January 2024, Rocket Lab became the prime contractor for a $515M
United States Space Force (USSF) military satellite project, the company's largest contract to date. In April 2024, the company announced it would begin selling carbon composite products to customers. As of 2024, the company was developing the bigger
Neutron reusable unibody rocket; multiple spacecraft buses, and
rocket engines:
Rutherford,
Curie,
HyperCurie, and
Archimedes. In mid 2024, the company entered the engine test phase in Neutron's development process. In November 2024, news reports said the company threatened an academic in New Zealand with a defamation lawsuit for comments that Rocket Lab was involved with US military control over nuclear weapons. In May 2025, Rocket Lab entered into an agreement to acquire Geost. This has increased their total headcount by 115, bringing Rocket Lab's total headcount to more than 2,600 employees. In March 2026, Rocket Lab secured a US$190 million (NZ$327 million) contract with the
United States Department of Defense (Department of War) to conduct a series of hypersonic test flights using its
HASTE launch vehicle. In April 2026, Rocket Lab completed the acquisition of Mynaric AG, a supplier of laser optical communications terminals, for an aggregate consideration value of $155.3 million. As Mynaric will continue to be based in Germany post-acquisition, this deal provided Rocket Lab with the company's first European footprint. In April 2026, Rocket Lab announced the introduction of Gauss, an in-house designed and manufactured electric propulsion system for satellites. At the time of the announcement, Rocket Lab revealed it had already established a production line capable of manufacturing more than 200 Gauss thrusters per year. == Hardware ==