Press release

Rocket Lab Spacecraft Confirmed for Mars as NASA Greenlights ESCAPADE Small Satellite Interplanetary Mission

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Rocket Lab, a global leader in dedicated launch and space systems, today announced it will begin final mission design and manufacture to supply two interplanetary Photon spacecraft for a science mission to Mars, delivering Decadal-class science at a fraction of the cost of typical planetary missions.

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A render of Rocket Lab's Photon spacecraft orbiting Mars for the ESCAPADE mission. (Photo: Business Wire)

A render of Rocket Lab’s Photon spacecraft orbiting Mars for the ESCAPADE mission. (Photo: Business Wire)

The Escape and Plasma Acceleration and Dynamics Explorers (ESCAPADE) mission will orbit two Rocket Lab-built Photon spacecraft around Mars to understand the structure, composition, variability, and dynamics of Mars’ unique hybrid magnetosphere. The mission will also support crewed exploration programs like Artemis through improved solar storm prediction.

ESCAPADE is the latest of only three missions proceeding under the current round of NASA’s Small Innovative Missions for Planetary Exploration (SIMPLEX) program to conduct compelling planetary space science with small satellites and provide more opportunities for flight experience to the science community. The ESCAPADE mission, led by principal investigator Robert Lillis at the University of California, Berkeley, is the latest SIMPLEX mission to pass Key Decision Point-C (KDP-C), confirming it for implementation in preparation for launch to Mars in 2024. The ESCAPADE mission is managed by the NASA Science Mission Directorate’s Heliophysics Division and will be the first Heliophysics mission to visit another planet.

Following deployment from a NASA-provided commercial launch vehicle, the pair of Photons will conduct an 11-month interplanetary cruise before inserting themselves into elliptical orbits around Mars to begin the science phase. Both Photons incorporate satellite subsystems developed and manufactured by Rocket Lab, including star trackers, reaction wheels, ranging transceivers for deep space navigation, and in-space propulsion systems. By leveraging vertically-integrated spacecraft manufacturing, the ESCAPADE mission will be delivered at a fraction of the cost of traditional planetary missions. This supports U.S. national strategy for Decadal-class science by increasing the pace of scientific discovery and more sustainable crewed exploration by improving our understanding of the space environment.

Rocket Lab’s founder and CEO, Peter Beck, says “ESCAPADE is an innovative mission that demonstrates that advanced interplanetary science is now within reach for a fraction of traditional costs, and we’re proud to make it possible with Photon,” he said. “Passing the Key Decision Point is a critical milestone in ESCAPADE’s development and is testament to the world-class science and engineering work of the UC Berkeley and Rocket Lab teams. We are delighted to receive the green light from NASA to proceed to flight.”

ESCAPADE is one of several missions beyond Earth orbit currently under development by Rocket Lab using the Photon spacecraft, including the CAPSTONE mission to the Moon in support of NASA’s Artemis program and Rocket Lab’s own privately-funded science mission to Venus.

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About Rocket Lab:

Rocket Lab is a global leader in space, building rockets and spacecraft that make it easier to get to orbit and to do amazing things there. Founded in 2006, Rocket Lab provides end-to-end mission services that provide frequent and reliable access to space for civil, defense, and commercial markets. Headquartered in Long Beach, California, Rocket Lab designs and manufactures the Electron and Neutron launch vehicles and Photon satellite platform. Rocket Lab’s Electron launch vehicle is the second most frequently launched U.S. rocket annually and has delivered more than 100 satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. Rocket Lab and Vector Acquisition Corporation (Nasdaq: VACQ), a publicly-traded special purpose acquisition company, announced a proposed business combination in the first quarter of 2021 (https://bwnews.pr/3yBYYzd). Vector’s shareholders voted to approve its proposed merger with Rocket Lab USA, Inc. at its annual general meeting of shareholders held on August 20, 2021. The merger is scheduled to close on August 25, 2021, and the common stock and warrants of the combined company, which will be renamed “Rocket Lab USA, Inc.”, are set to commence trading on the Nasdaq Capital Market on August 25, 2021, under the new ticker symbols, “RKLB” and “RKLBW”, respectively.

Forward-Looking Statements

This press release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding Vector’s, Rocket Lab’s or their respective management teams’ expectations, hopes, beliefs, intentions or strategies regarding the future. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on Rocket Lab’s current expectations and beliefs concerning future developments and their potential effects. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the proposed transaction with Vector may not be completed in a timely manner or at all, (ii) the failure to satisfy the conditions to the consummation of the proposed transaction with Vector, including the adoption of the merger agreement governing the proposed transaction by Vector’s shareholders, and (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement. There can be no assurance that the future developments affecting Rocket Lab will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond Rocket Lab’s control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Except as required by law, Rocket Lab is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.