Rocket Lab is targeting a $50 million launch price for its coming reusable launch vehicle called Neutron, to challenge Elon Musk's SpaceX.
, Rocket Lab said it had begun producing the first tank structures of Neutron, as well as construction of the launch pad for the rocket. The company plans to conduct the first "hot fire test" of an Archimedes engine, which will power Neutron, "by the end of the year," Spice said.SpaceX advertises a Falcon 9 launch with a $67 million price tag, and Spice says Rocket Lab is aiming to match that on a cost-per-kilogram basis for satellite customers.
Additionally, with SpaceX pushing hard to develop its massive Starship rocket, Spice alluded to the potential for the company to pivot away from flying Falcon 9 missions. In the meantime, Spice said Rocket Lab looks to maintain its position as "a dominant player" in the market sub-sector of launching small satellites with its Electron vehicles. The company expects to launch three Electron missions in the second quarter, with two already completed, and is "on track" to launch 15 missions this year, Spice said.Spice also emphasized to the Bank of America audience that Rocket Lab is "much more than" just a rocket company.
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