Synspective Signs Contract with Rocket Lab for 10 Electron Launches

Japanese radar imaging company Synspective has signed a contract with Rocket Lab for 10 Electron launches for their StriX synthetic aperture radar (SAR) spacecraft. The deal marks the largest contract in the history of the launch provider, with launches set to take place from 2025-2027.

While the financial details of the agreement were not disclosed, it is notable for being the largest single order of Electron rockets to date.

Rocket Lab, a prominent launch service provider, has previously launched all four of Synspective’s SAR satellites. These launches date back to 2020, with the most recent one occurring in March of this year. This recent launch was part of a multi-launch contract that also includes two more launches scheduled for later this year, which are separate from the new 10-launch contract.

“We are honored that the Synspective team has once again entrusted Rocket Lab with the deployment of their constellation and we’re proud to be their launch partner for another ten missions, our largest launch agreement to date,” - Peter Beck, Chief Executive of Rocket Lab

Synspective is on an ambitious path, planning a constellation of up to 30 satellites by the end of the decade. This constellation aims to provide “near real-time” observations of the planet, with applications ranging from disaster management to other critical services. To date, the company has raised $200 million, including a $100 million Series B round in 2022.

“We are pleased to have reached an agreement with Rocket Lab to launch 10 new satellites. This agreement gives us a solid foundation and confidence...We look to accelerate building our satellite constellation and expand our services in the future. We appreciate Rocket Lab’s significant role in moving our business forward.” - Motoyuki Arai, Chief Executive of Synspective

The contract was signed in Tokyo during a New Zealand trade mission to Japan, which included the country’s prime minister, Christopher Luxon.

“New Zealand innovation in space technology is rapidly putting our country on the map in this fast-growing industry...Collaboration with international partners is critical to enabling our space industry to maximize its potential on the global stage.” - Christopher Luxon, New Zealand Prime Minister

This historic signing comes just days before Rocket Lab’s 50th Electron launch, scheduled for no earlier than June 20. This milestone launch will carry five Internet of Things satellites for the French startup Kinéis, the first of five launches Rocket Lab will conduct for Kinéis.