Yahoo Finance Rocket Lab Weighs Speeding Development to Fill Gap Left by Soyuz
(Bloomberg) -- Rocket Lab USA Inc. is exploring ways to accelerate development of its next rocket after the invasion of Ukraine effectively ended commercial business for Russia’s Soyuz medium-lift rocket.
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The company could build three Neutron rockets in 2024, the year it plans to begin flight tests, instead of just one as previously planned, Rocket Lab Chief Executive Officer Peter Beck said in an interview Wednesday. The company, based in Long Beach, California, hasn’t decided whether to increase the number of Neutrons it builds and has sufficient capital for development, he said.
“The question I’m getting asked from all corners of the field is can you develop Neutron faster?” Beck said.
The reusable rocket is slated to begin commercial service in 2025 and carry about 8,000 kilograms (17,600 pounds) to low-earth orbit. That would put it in direct competition with Soyuz and Space Exploration Technologies Corp.’s Falcon 9. The Russian rocket has garnered a reputation over decades as reliable and affordable, Beck said.
“It’s an understatement to say that the vehicle is in incredibly high demand now,” he said. “Basically everything that was going to fly on the Soyuz is looking for a ride.”
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