Welcome to Edition 8.11 of the Rocket Report! We have reached the time of year when it is possible the US government will shut down its operations at the end of this month, depending on congressional action. A shutdown would have significant implications for many NASA missions, but most notably a couple of dozen in the science directorate that the White House would like to shut down. At Ars, we will be watching this issue closely in the coming days. As for Artemis II, it seems to be far enough along that a launch next February seems possible as long as any government closure does not drag on for weeks and weeks.
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 to sell common shares. The space company said Tuesday that it intends to raise up to $750 million by selling common shares, MSN reports. This new at-the-market program replaces a prior agreement that allowed Rocket Lab to sell up to $500 million of stock. Under that earlier arrangement, the company had sold roughly $396.6 million in shares before ending the program.
Seeking to scale up … The program’s structure enables Rocket Lab to sell shares periodically through the appointed agents, who may act as either principals or intermediaries. The larger offering indicates that Rocket Lab is aiming to bolster its cash reserves to support ongoing development of its launch services, including the medium-lift Neutron rocket and spacecraft manufacturing operations. The company’s stock dropped by about 10 percent after the announcement.
Astra targets mid-2026 for Rocket 4 debut. Astra is targeting next summer for the first flight of its Rocket 4 vehicle as the company prepares to reenter the launch market, Space News reports. At the World Space Business Week conference in Paris, Chris Kemp, chief executive of Astra, said the company was on track for a first launch of Rocket 4 in summer 2026 from Cape Canaveral, Florida. He highlighted progress Astra is making, such as tests of a new engine the company developed for the vehicle’s first stage that produces 42,000 pounds of thrust. Two of those engines will power the first stage, while the upper stage will use a single Hadley engine produced by Ursa Major.
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