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Rocket Lab signs launch deal with Kinéis European IoT satellites

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An Electron rocket gets ready to launch.

Rocket Lab

Rocket Lab said Wednesday it signed a five-launch contract with European satellite data company Kinéis, adding to the space company’s backlog.

Kinéis is building an Internet of Things connectivity constellation with 25 satellites, all of which will be launched to orbit by Rocket Lab’s Electron vehicle. The Kinéis missions are scheduled to begin launching in the second quarter of 2023.

“It’s a very sophisticated customer, a very sophisticated spacecraft with really tough requirements … Electron’s demonstrated orbital accuracy and insertion enables this constellation to be launched like this,” Rocket Lab CEO Peter Beck told CNBC.

The…



Source cnbc.com

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