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Rocket Report: Rocket Lab shows off its flexibility; Blue Origin's two-pad plan
Welcome to Edition 9.06 of the Rocket Report! Rocket Lab made a lot of news this week with its quarterly update, and it is clear the company is making impressive progress as it becomes much more than a launch company. But at the end of the day, a lot of the company’s success is predicated on the Neutron vehicle, and I’m not thrilled with Rocket Lab’s ambiguity around its readiness. As a user on X noted, the company’s language on Stage 2 being ready to ship to the launch site has not changed much in 12 months.
As always, we welcome reader submissions, and if you don’t want to miss an issue, please subscribe using the box below (the form will not appear on AMP-enabled versions of the site). Each report will include information on small-, medium-, and heavy-lift rockets as well as a quick look ahead at the next three launches on the calendar.
Rocket Lab decides to get flexible. Rocket Lab plans to start launching its Electron vehicle even more frequently and flexibly, thanks to a new portable spaceport system called GHOST, Space.com reports. GHOST—short for “Global Hypersonic & Orbital Spaceport Technology”—turns the company’s “Electron and HASTE rockets into a launch-anywhere, launch-anytime capability for multi-launch flight campaigns and critical national security missions,” the company said this week.
Onward to Alaska … Rocket Lab currently flies from two different launch sites—one on the North Island of company founder and chief executive Peter Beck’s native New Zealand and one at Wallops Island in Virginia. But the company recently announced plans to fly out of Alaska’s Pacific Spaceport Complex as well, and GHOST will expand its launch footprint even further. The company was inspired to develop the portable spaceport system, he added, to meet the needs of a HASTE (a suborbital hypersonic test bed) customer, who expressed a desire for Rocket Lab to be “a little bit more mobile than we are.”
ArianeGroup decides not to halt MaiaSpace. ArianeGroup has decided against dissolving MaiaSpace after the company posted a 37.5 million euro loss for 2025, pushing its shareholders’ equity below zero, European Spaceflight reports. Shareholders’ equity fell from a positive 35.82 million euros at the end of 2024 to negative 823,375 euros. Shareholders’ equity is what remains after the company has paid all its liabilities. A negative figure means MaiaSpace owes more than it owns.
Yes, most rocket startups lose a lot of money … Under French corporate law, when shareholders’ equity falls below half of the company’s share capital, the shareholder, in this case ArianeGroup, is required to decide whether the company should be dissolved or allowed to continue operating. At a meeting on June 25, 2026, ArianeGroup officially rejected the option of dissolving MaiaSpace, allowing the company to continue preparations for the inaugural flight of Maia. ArianeGroup’s pockets are not bottomless, so this bears watching.
Firefly increases Alpha rocket production. Firefly Aerospace says it is seeing strong interest in its launch vehicles and is ramping up production, Space News reports. Firefly executives said in an August 11 earnings call that production of its Alpha launch vehicle is at an “all-time high” as development continues on its larger Eclipse vehicle. “I can’t stress enough that the demand for launch capacity is amplified right now. We’ve never seen launch capacity so constrained,” Jason Kim, chief executive of Firefly, said during the call.
Production hasn’t translated into increased cadence … “A majority of our manifest for 2027 has already been sold out,” Kim said, but declined to say how many missions were on its manifest for the year. “We’re not going to talk about guidance for 2027,” he said when asked about the company’s projected launch cadence for next year. Alpha has launched only seven times, dating back to September 2021.
Virgin Galactic isn’t flying, but it is naming. As Virgin Galactic nears christening the first of its next-