Rocket Lab $RKLB is giving a major update on its planned larger Neutron rocket at 8 a.m. ET, providing the first details about the reusable vehicle since announcing the company was going public.
Watch the livestream:
$RKLB Neutron event starting now:
CEO @Peter_J_Beck: "Where do you start designing a new rocket? Ironically, you don't start at the rocket. You start at the satellite and all the spacecraft you need to launch, and then you start the design process around that."
@Peter_J_Beck Neutron will have a "big wide static base" with built in landing legs.
131 ft tall
23 ft diameter
16 ft (5 meter) fairing
8,000 kilograms to LEO with first stage landings, with a maximum payload to orbit of 15,000 kilograms. $RKLB
@Peter_J_Beck As expected, Rocket Lab's new engine for Neutron is called Archimedes, which is a gas-generator cycle engine with propellants liquid oxygen and methane.
@Peter_J_Beck 7 Archimedes engines for each Neutron first stage
@Peter_J_Beck Everything except for the upper stage is reusable, with Neutron's first stage returning with the fairing still on top.
Rendering of Neutron first stage landing:
@Peter_J_Beck Here is how the Neutron upper stage ejects out of the top of the rocket, which then returns to land.
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NASA awards three companies with over $400 million in contracts to develop private space stations, under the Commercial LEO Destinations (CLD) project:
Blue Origin and Sierra Space – with Boeing, Redwire, and Genesis Engineering – is building Orbital Reef.
The companies plan to have the baseline configuration of Orbital Reef operational by 2027, which it will build into the next decade: cnbc.com/2021/12/02/nas… $BA $RDW
@Peter_J_Beck Rocket Lab is still targeting Neutron on the launchpad by 2024, and hopes to launch a commercial customer on the rocket by 2025. cnbc.com/2021/12/02/roc…
@Peter_J_Beck Beck declined to comment on the price tag of a Neutron launch, but said the rocket “would be a pointless exercise” if Rocket Lab “didn’t think that we would be very cost competitive with with anything that’s currently in the market or or being proposed.” cnbc.com/2021/12/02/roc…
@VP@CaptMarkKelly Kelly: "As we've seen in recent weeks and months, the threats to U.S. national security and commercial assets in space are real, and these threats will undoubtedly grow in the years to come."
@VP@CaptMarkKelly Harris speaking now, thanking Kelly for his dedication and "life of service."
Elon Musk, in a company-wide email obtained by CNBC, said SpaceX's Raptor engine program is "a disaster" and in "crisis":
"We face genuine risk of bankruptcy if we cannot achieve a Starship flight rate of at least once every two weeks next year." cnbc.com/2021/11/30/elo…
Musk sent the update on Black Friday, the day after Thanksgiving, and said he had planned to take the holiday off but would be personally working on the Raptor production line through the weekend. cnbc.com/2021/11/30/elo…
The email provides more context to the significance of former propulsion VP Will Heltlsey's departure, who CNBC reported was taken off Raptor development earlier this month: