CEO Peter Beck discusses Rocket Lab's launch failure, moon mission - Business Insider

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Rocket Lab's founder and CEO Peter Beck opens up about the company's recent launch failure — and its spacecraft to reach the moon, Venus, or even Mars

from competitors, including Elon Musk of SpaceX and Tory Bruno of United Launch Alliance.

He added: "Even though within the space community there's a number of fierce competitors, when something bad happens to anyone, the whole industry feels that pain and just understands how difficult it is."One of Rocket Lab's carbon-fiber Electron launch vehicles lifts is rolled out to its launch pad in New Zealand.

Beck said the company won't launch again "until we fully understand the issue and it's fully mitigated" and declined to say if, or when, Rocket Lab would pull together a re-do launch for the Pics Or It Didn't Happen mission, "We feel like launch is really a solved problem," Beck said, noting Rocket Lab expects to open its third launch pad by the end of the year. "Production is continuing at full force and, every 20 days right now, more or less, a rocket comes off the production line. ... The next piece to solve is the satellite piece."

He added: "That is the bit that yields value. Everything else is just parasitic. It's just cost. So we're trying to solve that problem next."

 

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