{"id":27636,"date":"2023-03-27T22:35:48","date_gmt":"2023-03-27T22:35:48","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/03\/27\/rocket-lab-reveals-big-supplier-deal-with-mystery-mega-constellation-customer\/"},"modified":"2023-03-27T22:35:49","modified_gmt":"2023-03-27T22:35:49","slug":"rocket-lab-reveals-big-supplier-deal-with-mystery-mega-constellation-customer","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/03\/27\/rocket-lab-reveals-big-supplier-deal-with-mystery-mega-constellation-customer\/","title":{"rendered":"Rocket Lab reveals big supplier deal with mystery mega constellation customer"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/03\/24\/rocket-lab-reveals-big-supplier-deal-with-mystery-mega-constellation-customer\/<\/a><\/br>
\nRocket Lab reveals big supplier deal with mystery mega constellation customer<\/br>
\n2023-03-27 22:35:48<\/br><\/p>\n

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Rocket Lab has proven that it\u2019s much more than a launch company. One glance at the company\u2019s most recent earnings presentation shows as much: its space systems business, which designs, manufactures and sells satellite components and spacecraft, brought in over 70% of company revenue compared to launch in 2022, at $150.3 million versus $60.7 million, respectively.<\/p>\n

The space systems business \u2014 whose products include star trackers, reaction wheels, solar power systems, separation systems and more \u2014 also saw a massive growth in revenue, increasing by 239% year-over-year. To meet this growing demand, the company further announced last year that it was building out new manufacturing capabilities for reaction wheels, in particular.<\/p>\n

The investment is paying off: It appears that Rocket Lab has landed a contract to provide reaction wheels to an unnamed mega constellation customer. The company said as much in a February press release announcing a new 12Nms reaction wheel product, saying that the wheel is \u201ccurrently planned for flight with an undisclosed large mega constellation customer.\u201d<\/p>\n

More recently, Rocket Lab CFO Adam Spice added more color to this statement, revealing that the deal is worth \u201cthousands\u201d of reaction wheels per year.<\/p>\n

\u201cWe entered into an agreement with a mega constellation where it\u2019s thousands of reaction wheels per year and much bigger reaction wheels,\u201d Spice said at Cowen\u2019s 44th Annual Aerospace\/Defense and Industrials Conference in February. \u201cWhat that allowed us to do is build a dedicated high-volume production facility in New Zealand and we brought the cost down by almost an order of magnitude on those wheels.\u201d<\/p>\n

At a Bank of America event this Tuesday, Spice reiterated the enormity of the deal: \u201cWe secured a contract with a mega constellation customer where we\u2019ll ship two or three thousand reaction wheels per year to one customer.\u201d<\/p>\n

While the company has not publicly disclosed the name of this customer \u2014 and declined to comment on the matter to TechCrunch, citing commercial sensitivity \u2014 there\u2019s only a handful of known possibilities. Amazon\u2019s Project Kuiper is one likely candidate, and OneWeb\u2019s growing network could plausibly be another. SpaceX has demonstrated that it wants to stay in-house as much as possible for its production stack, however, so Starlink isn\u2019t likely.<\/p>\n

In its data sheet<\/a> on the 12Nms reaction wheel, Rocket Lab lists the base price at $100,000. Of course, on contracts of this size, the price per unit is often discounted (which Spice acknowledged, saying at the Cowen conference that the ASP for the mega constellation reaction wheels \u201ccame down quite a bit\u201d), but it suggests a big win for Rocket Lab\u2019s revenues and a possible source for the doubling of the company\u2019s backlog last year: from $241 million at the end of 2021 to $503 million.<\/p>\n<\/p><\/div>\n

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Science, Tech, Technology<\/br>
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\nSource:https:\/\/techcrunch.com\/2023\/03\/24\/rocket-lab-reveals-big-supplier-deal-with-mystery-mega-constellation-customer\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/03\/24\/rocket-lab-reveals-big-supplier-deal-with-mystery-mega-constellation-customer\/ Rocket Lab reveals big supplier deal with mystery mega constellation customer 2023-03-27 22:35:48 Rocket Lab has proven that it\u2019s much more than a launch company. One glance at the company\u2019s most recent earnings presentation shows as much: its space systems business, which designs, manufactures and sells satellite components and spacecraft, brought in over 70% […]<\/p>\n","protected":false},"author":1,"featured_media":27637,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-27636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\nRocket Lab reveals big supplier deal with mystery mega constellation customer - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/03\/27\/rocket-lab-reveals-big-supplier-deal-with-mystery-mega-constellation-customer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rocket Lab reveals big supplier deal with mystery mega constellation customer - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/03\/24\/rocket-lab-reveals-big-supplier-deal-with-mystery-mega-constellation-customer\/ Rocket Lab reveals big supplier deal with mystery mega constellation customer 2023-03-27 22:35:48 Rocket Lab has proven that it\u2019s much more than a launch company. 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