Rocket Lab signs biggest commercial Electron deal: 20 launches for Synspective
Rocket Lab has signed a multi-year agreement for 20 new Electron missions with Tokyo-based Synspective — the largest commercial launch contract in Electron's history — taking Synspective's total bookings to 47 and pushing Rocket Lab's backlog past 100 missions.
Rocket Lab has signed a multi-year agreement for 20 new Electron missions with Tokyo-based Earth observation company Synspective, the largest commercial launch contract for Electron in the company’s history, Rocket Lab announced on 30 September.
The deal brings Synspective’s total Electron bookings to 47 missions — the most of any Rocket Lab customer — and pushes the company’s overall launch backlog beyond 100 missions. Financial terms were not disclosed.
Rocket Lab will launch 20 StriX synthetic aperture radar satellites to sun-synchronous orbit from Launch Complex 1, with missions scheduled annually from 2028 through 2031. The launches support Synspective’s goal of building a constellation capable of imaging any location on Earth within hours, day or night and through any weather.
“Signing twenty launches in a single deal is a massive vote of confidence not just in Electron, but in the launch cadence, mission reliability, and orbital precision that Rocket Lab consistently delivers,” founder and CEO Sir Peter Beck said.
Wall Street welcomed the news: shares rose 1.3% in midday trading to $70.56, and Citi initiated coverage with a Buy rating and a $105 price target, Barron’s reported. The deal lands as the space sector faces a global rocket shortage and growing launch delays.
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