Rocket Lab USA, Inc. (RKLB) shares are trading lower on Tuesday, despite the company’s upcoming 53rd Electron mission, scheduled for September 17th, 2024, NZST. This mission, named ‘Kinéis Killed the RadIOT Star,’ will be the second of five dedicated launches for Kinéis, a French company focused on providing global IoT connectivity.
The launch will take place from Rocket Lab Launch Complex 1 in Mahia, New Zealand. It will follow Kinéis’ first Electron launch, ‘No Time Toulouse,’ which occurred three months prior. The mission aims to deploy five new satellites, further expanding Kinéis’ constellation and enhancing its ability to offer global IoT capabilities.
Kinéis’ constellation, backed by the French space agency CNES and CLS, is designed to offer global connectivity for various applications, including ship tracking and environmental monitoring. The tailored mission parameters of this launch will allow for precise satellite deployment and orbital adjustments, essential for Kinéis’ operational needs.
Rocket Lab’s founder and CEO, Sir Peter Beck, emphasized the importance of dedicated launches for accurate orbital placement. Alexandre Tisserant, Chairman of Kinéis, praised Rocket Lab’s contribution to their successful satellite deployments.
This upcoming mission highlights Rocket Lab’s ongoing role in advancing space-based connectivity solutions and Kinéis’ commitment to expanding global IoT infrastructure.
Despite the upcoming mission, RKLB shares are trading lower by 2.74% to $6.099 at the last check on Tuesday.
Investors seeking exposure to RKLB stock can consider the Procure Space ETF (UFO) and the SPDR S&P Kensho Final Frontiers ETF (ROKT).
