- Rocket Lab USA Inc (NASDAQ:RKLB) has rescheduled the launch window for its first Electron mission from U.S. soil to January 2023.
- The move of the planned launch window from December 2022 to early 2023 was driven by weather.
- Also, the National Aeronautics and Space Administration (NASA) at Wallops and the Federal Aviation Administration (FAA) required additional time to complete essential regulatory documentation for launch.
- The rescheduled mission will still take place from Virginia.
- The new launch window will result in the mission and its related revenue being recognized in Rocket Lab’s fiscal Q1 2023 versus in fiscal Q4 2022, as was previously anticipated.
- As a result, Rocket Lab reduced its expected Q4 2022 revenue outlook from the previously expected $51 million – $54 million to $46 million – $47 million (consensus $53.83 million).
- The ‘Virginia Is For Launch Lovers’ mission will deploy three satellites for radio frequency geospatial analytics provider HawkEye 360.
- Price Action: RKLB shares are trading higher by 1.79% at $3.97 in premarket on the last check Tuesday.
- Photo Via Company
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