Rocket Lab successfully conducts first commercial launch of Electron rocket

Rocket Lab's Electron rocket soars above its Mahia Peninsula launchpad

US and New Zealand spaceflight company Rocket Lab successfully completed its first commercial launch called "It's Business Time" on Sunday, sending seven payloads to orbit.

Rocket Lab's Electron rocket comes at a price tag that's only a fraction of the $50 million or more it costs to launch a larger rocket.

The Electron arced toward the south from Mahia Peninsula, riding almost 22,680kg of thrust from the Rutherford engines during a two-and-a-half minute first stage burn. The rocket builder reached orbit for the first time in January with its final test launch but saw this commercial attempt delayed due to a "motor control" issue with the rocket.

Now fixed, the Electron will house six satellites and a technology demonstrator which will be sent to low earth orbit and feed data back to earth.

Rakhi Sawant challenges wrestler to a match; gets ‘knocked out’
But even in pain, it did not stop her from sharing a video on her Instagram page as she was lying down in bed. The 40-year-old is seen being escorted out of the ring by a woman police officer and the organisers.

As CNBC noted, the Electron rocket is created to carry spacecraft up to the size of a refrigerator on a faster timetable than larger competitors like SpaceX's Falcon 9 rockets, though it actually costs more than the latter. For It's Business Time, Rocket Lab launched two cubesats for Fleet Space Systems, two Lemur-2 cubesats for Spire Global, and one satellite each for Tyvak Nano-Satellite Systems and Irvine Cubesat STEM Program. Saturday marked the first commercial launch for the Electron rocket as it pushed seven spacecraft into orbit.

Rocket Lab CEO Peter Beck tweeted after launch "Perfect flight" and noted that "Orbital accuracy was exquisite". SpaceFlight Now reported the next launch will be somewhere between december 10 and december 18, 2018, citing sources with payloads on the rocket.

On top of this, the company has a private launch complex stationed on the remote Māhia Peninsula in eastern New Zealand that is licensed to launch up to 120 times per year.

On board were seven space craft equipped with small satellites and one drag sail named NABEO - created to retire inactive satellites to help combat space junk. The company's Electron rocket is created to launch spacecraft up to the size of a refrigerator, especially for the premium small satellite part of the rocket market. The 18 total launches planned so far gives Rocket Lab about $3 billion in revenue in the pipeline. The plan, according to Beck, is to try one launch per month to start in 2019, then to move to one launch every two weeks.

Related News:

Most liked

Wisconsin school district investigating photo of students doing apparent Nazi salute
He concluded: "I truly and firmly believe we need to make a change to this disgusting act, it needs to stop". In response, Baraboo School District Administrator Lori Mueller said the situation was being investigated.

Donald Trump has defended missing memorial ceremony because of the rain
President Macron's office said President Trump misunderstood the comments, according to the Press Association. Addressing one veteran, he joked: "You look so comfortable up there under shelter as we're getting drenched".

What I REID Into It Chiefs vs Cardinals
They sacked Rosen five times , intercepted him twice and even managed to keep David Johnson under 100 yards rushing - just barely. The Kansas City Chiefs will be looking for their fourth-straight victory on Sunday when the team hosts the Arizona Cardinals .

Satellite images reveal hidden North Korean missile bases
That is the North's Achilles heel as Kim turns his attention from developing its nuclear weapons arsenal to building its economy. The day after the summit, Trump wrote on Twitter that there was "no longer a nuclear threat from North Korea".

Dion Lewis Calls Beating 'Cheap' Patriots 'Personal'
Dion Lewis now plays for a team that boasts one of the NFL's best defenses, and he's happy with his decision to come down South. We'll just take our lumps and try and learn from them.

Celebs Push Back at Donald Trump's 'Heartless' Tweet About California Wildfires
Firefighters who lost their homes must set aside their grief and work marathon hours to save other residents' lives and houses. But she also revealed that her house "no longer stands". "Completely devestated [sic] by the fires affecting my community.

Kardashian Family Thanks California Firefighters During Peoples' Choice Awards Speech
Kim spoke for the family and dedicated the award to the firefighters and first responders fighting the fires in California. Flames consume a Kentucky Fried Chicken as the Camp Fire tears through Paradise, Calif., on Thursday, Nov. 8, 2018.

Westworld Location Burns Down in Woolsey Fire
Roughly 75,000 homes have been ordered to evacuate in Southern California as a result of the Woolsey fire . The Paramount Ranch in Agoura Hills has been used by such productions as The Cisco Kid , Dr.

At least 9 dead in wildfire that destroyed Paradise, California - Pop. 26000
Studies have said wildfires often start due to extremely dry conditions, such as droughts that are spurred by climate change . Embers are blown by strong winds roaring sound during the Woolsey Fire on November 9, 2018 in Malibu, California.

Cindy Hyde-Smith’s ‘public hanging’ joke draws Twitter backlash, response from Espy
Her opponent, Mike Espy , called the comment "reprehensible" but she says the reaction has been overblown. Some clapping is audible on the video after the comment was made. "It doesn't make her a racist".

PlayStation Teases Black Friday Deals On Hardware, Accessories, And Games
Sony is planning its Black Friday deals for 2018 which includes PS4 bundles, PS VR bundles and DualShock 4 controllers. Sony has outlined its PlayStation 4 deals coming to retail stores and the digital marketplace this month.

Solari handed Madrid role on permanent basis
Real Madrid's first match back after the worldwide break is away at Eibar on November 24. "I usually don't plan too far ahead". We know that, but they showed it today from the first minute to the last.

Former Tigers pitcher Justin Verlander welcomes first child with Kate Upton
Kate Upton is a mom! Kate Upton announced she has given birth to a baby girl! Alongside a heart emoji, she added, "11.7.18". Upton posted a picture of their baby's hand and lip Saturday night.

Trump Honors Fallen WWI Heros in Veterans Day Speech
Subjects discussed included the situation in the Middle East, notably Syria, Iran and Saudi Arabia, and North Korea. Some 10,000 police have been drafted in to ensure maximum security in a city repeatedly targeted by terrorists.

Will oil price shoot up again?
He said the committee were reviewing the market and would draw up a plan to deal with the prospect of higher supply in 2019. The group, including Russian Federation and Saudi Arabia, warned that crude supply would outstrip demand next year.