Rocket Lab USA, Inc. (RKLB) shares surged 8.94% in pre-market trading on Monday, November 25th, following the company's record-breaking achievement of successfully carrying out two separate satellite launches in less than 24 hours for a French client.
The space launch services provider first deployed five satellites into low Earth orbit for French Internet-of-Things (IoT) constellation operator Kinéis from its Launch Complex 1 in New Zealand on Sunday evening local time. Remarkably, this mission came just 21 hours and 55 minutes after Rocket Lab had completed another successful launch from its Launch Complex 2 site in Virginia, setting a new company record for the fastest turnaround between launches.
"Two successful launches less than 24 hours apart from pads in different hemispheres. That's unprecedented capability in the small launch market and one we're immensely proud to deliver at Rocket Lab," stated CEO Peter Beck. The Kinéis CEO also praised Rocket Lab's "precision in placing our satellites in their planned positions" as a key enabler for their global IoT connectivity plans.
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