Peter Beck and why it's hard to get a startup off the ground

The reusable Electron rocket failed on its 41st mission. (Image: Rocket Lab)

Sat, 23 Sep 2023

A couple of days ago, Rocket Lab suffered the failure of its 41st mission and the loss of the Earth-observation satellite its Electron rocket was carrying to orbit for its client, Capella Space. Its share price immediately fell around 7% in late trading on the US’s tech-heavy Nasdaq market. NZ Herald reporter Chris Keall posted on X (formerly Twitter) that “the stakes are about to get a lot higher. Rocket Lab charges around US$7.5 million [NZ$12.65m] for an Electron launch. Its much larger Neutron rocket, on track for...

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