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Rocket Lab expands business into building satellites after secretly launching its Photon spacecraft – CNBC

Small rocket builder Rocket Lab is expanding its business into building spacecraft that pair with its rockets.

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Small rocket builder Rocket Lab is expanding its business into building spacecraft that pair with its rockets, with the company’s most recent launch quietly featuring its first ever Photon satellite.
“We’re trying to fundamentally shift what it means to be able to do things in orbit and actually build businesses in orbit,” Rocket Lab CEO Peter Beck said in a webcast on Thursday.
Beck explained that the company’s 14th launch on Monday succeeded as planned, with its Electron rocket putting an 10…

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