La PLATA, Maryland — Satellite hardware and launch-service provider Rocket Lab is likely had planned 22 launches this year but likely will conduct only 17, a 22% shortfall that will have minimal effect on its finances because of the way launch services are billed.
Like other launch service providers, Rocket Lab receives milestone payments from customers so that 90% of the total launch cost, around $7.5 million for the company’s Electron vehicle, has been paid by the time the vehicle reaches the launch pad. The final 10 . . .
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