Rocket Lab Announces Launch Window for Second Electron Mission from Virginia

WALLOPS ISLAND, Va. 7 March 2023. Rocket Lab USA, Inc (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a leading launch and space systems company, today announced it has scheduled its next Electron launch from Virginia during a launch window that opens March 11, 2023.

The “Stronger Together” mission is scheduled to launch from Rocket Lab Launch Complex 2 (LC-2) on Wallops Island, Virginia for American space tech company Capella Space, a leading provider of commercial Synthetic Aperture Radar (SAR) imagery. The mission will be Rocket Lab’s second launch from the Mid-Atlantic Regional Spaceport at NASA’s Wallops Flight Facility following from the Company’s successful inaugural mission from LC-2 on January 24, 2023.

“Stronger Together” will deploy two 100-kg class satellites to low Earth orbit and expand the existing Capella Space SAR constellation, increasing imaging capacity to meet growing customer demand. Capella Space SAR satellites can gather images of Earth any time of day, in any weather and penetrate conditions including clouds, fog, smog, darkness and smoke. Supporting Rocket Lab’s vertical integration strategy, Rocket Lab will also supply Capella Space with two of the Company’s own Motorized Lightbands; separation systems designed to separate the Capella satellites from Electron once in orbit. Rocket Lab has launched for Capella previously with the “I Can’t Believe It’s Not Optical” mission in August 2020, when Electron successfully deployed to orbit Capella’s first satellite in its SAR constellation.

This upcoming launch is one of five missions for Capella Space scheduled to start launching on Electron this year, following the recently-announced multi-launch deal securing four rapid succession launches for Capella from Rocket Lab Launch Complex 1 in Mahia, New Zealand. However, there is the option for Capella to move any of these missions to Launch Complex 2 should that be needed to meet Capella’s requirements – the type of responsive and flexible launch solution that Rocket Lab can provide by operating three orbital launch pads across two continents.

Members of the public wanting to watch Electron’s upcoming launch from Virginia can visit nearby viewing locations in Accomack County, Virginia, such as Robert Reed Park and Curtis Merrit Harbor on Chincoteague Island. The Virginia, Maryland and Delaware Atlantic beaches also provide good viewing locations. A live launch webcast will also be available at www.rocketlabusa.com/live-stream from around T-20 minutes.

Members of the media wanting to attend the upcoming launch and/or to set remote cameras can contact media@rocketlabusa.com for accreditation.

About “Stronger Together”

• Mission Partner: Capella Space
• Payload: Two 100-kg class SAR-imaging satellites manufactured and operated by Capella Space
• Launch Location: Rocket Lab Launch Complex 2, Virginia
• Launch Window Opens: March 11, 2023
• Launch Timing: 18:00-20:00 EST / 23:00-01:00 UTC

About Capella Space:

Capella Space is an American space tech company with data and satellite solutions for government and commercial use. A pioneer in the Earth observation industry, Capella is the first U.S. company with a constellation of Synthetic Aperture Radar (SAR) satellites, delivering the best quality, highest resolution SAR imagery commercially available. Capella provides easy access to frequent and timely information affecting dozens of industries worldwide, including defense and intelligence, supply chain, insurance, maritime and others. Its market-leading SAR satellites are matched with unparalleled data infrastructure to quickly deliver reliable global insights that sharpen our understanding of the changing world – improving decisions about commerce, conservation, and security on Earth. Headquartered in San Francisco, California with additional locations in Denver, Colorado and Washington, D.C., Capella's satellites are operated, designed, and manufactured in the USA. Learn more at www.capellaspace.com.

+ About Rocket Lab

Founded in 2006, Rocket Lab is an end-to-end space company with an established track record of mission success. We deliver reliable launch services, satellite manufacture, spacecraft components, and on-orbit management solutions that make it faster, easier and more affordable to access space. Headquartered in Long Beach, California, Rocket Lab designs and manufactures the Electron small orbital launch vehicle and the Photon satellite platform and is developing the Neutron 13-ton payload class launch vehicle. Since its first orbital launch in January 2018, Rocket Lab’s Electron launch vehicle has become the second most frequently launched U.S. rocket annually and has delivered 155 satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. Rocket Lab’s Photon spacecraft platform has been selected to support NASA missions to the Moon and Mars, as well as the first private commercial mission to Venus. Rocket Lab has three launch pads at two launch sites, including two launch pads at a private orbital launch site located in New Zealand and a third launch pad in Virginia, USA. To learn more, visit www.rocketlabusa.com.

+ FORWARD LOOKING STATEMENTS

This press release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Rocket Lab’s current expectations and beliefs concerning future developments and their potential effects. These forward-looking statements involve a number of risks, uncertainties (many of which are beyond Rocket Lab’s control), or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including risks related to the global COVID-19 pandemic; risks related to government restrictions and lock-downs in New Zealand and other countries in which we operate that could delay or suspend our operations; delays and disruptions in expansion efforts; our dependence on a limited number of customers; the harsh and unpredictable environment of space in which our products operate which could adversely affect our launch vehicle and spacecraft; increased congestion from the proliferation of low Earth orbit constellations which could materially increase the risk of potential collision with space debris or another spacecraft and limit or impair our launch flexibility and/or access to our own orbital slots; increased competition in our industry due in part to rapid technological development and decreasing costs; technological change in our industry which we may not be able to keep up with or which may render our services uncompetitive; average selling price trends; failure of our launch vehicles, spacecraft and components to operate as intended either due to our error in design in production or through no fault of our own; launch schedule disruptions; supply chain disruptions, product delays or failures; design and engineering flaws; launch failures; natural disasters and epidemics or pandemics; changes in governmental regulations including with respect to trade and export restrictions, or in the status of our regulatory approvals or applications; or other events that force us to cancel or reschedule launches, including customer contractual rescheduling and termination rights; risks that acquisitions may not be completed on the anticipated time frame or at all or do not achieve the anticipated benefits and results; and the other risks detailed from time to time in Rocket Lab’s filings with the Securities and Exchange Commission (the “SEC”), including under the heading “Risk Factors” in Rocket Lab’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, which was filed with the SEC on March 24, 2022, and elsewhere (including that the impact of the COVID-19 pandemic may also exacerbate the risks discussed therein). There can be no assurance that the future developments affecting Rocket Lab will be those that we have anticipated. Except as required by law, Rocket Lab is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.