financetom
Business
financetom
/
Business
/
Rocket Lab aborts latest launch due to ground support equipment issue
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Rocket Lab aborts latest launch due to ground support equipment issue
Sep 25, 2024 7:05 PM

WELLINGTON, Sept 19 (Reuters) - Rocket Lab said

on Thursday that the scheduled launch of its Electron rocket

into space from a facility in New Zealand was aborted just prior

to lift off due to issues with on ground support equipment.

The rocket, carrying five satellite for Kineis, a French

operator and provider of space-based internet-of-things

(IoT) connectivity, failed to blast off from Rocket Lab's launch

pad on the country's North Island about 11 a.m. (2300 GMT).

It was shut down safely, and Electron and the launch pad all

"remain healthy", according to a post by the company on social

media platform X.

Peter Beck, company founder and chief executive, said on X

that the abort was triggered by a piece of ground support

equipment that had not reached its target in the allocated time.

"We like everything on the ground to be just as happy as

everything in the sky," he added.

Rocket Lab said a further launch would not be attempted on

Thursday, and the team was now assessing opportunities for the

next launch attempt.

This mission, dubbed "Kineis Killed the RaIOT Star", was

meant to be the 53rd Electron rocket launch, according to the

company.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Pfizer slashes stake in COVID vaccine partner BioNTech
Pfizer slashes stake in COVID vaccine partner BioNTech
Nov 13, 2025
(Reuters) -Pfizer Inc ( PFE ) said on Thursday that it sold 54.7% of its stake in German drugmaker BioNTech SE, more than five years after both firms formed an alliance that yielded a vaccine to combat the deadly COVID-19 pandemic. This marks a strategic shift after Pfizer ( PFE ) and BioNTech began their partnership in 2018, collaborating on...
Stantec Reports Higher Third-quarter Earnings, Revenue; Adjusted EBITDA Margin Guidance Updated
Stantec Reports Higher Third-quarter Earnings, Revenue; Adjusted EBITDA Margin Guidance Updated
Nov 13, 2025
05:28 PM EST, 11/13/2025 (MT Newswires) -- Stantec ( STN ) after trade Thursday posted higher third-quarter earnings and revenue, and updated its 2025 adjusted EBITDA margin outlook. The engineering and design company reported adjusted earnings, excluding most one-time items, of $174.1 million, or $1.53 per share, up from $147.9 million, or $1.30, a year ago. FactSet expected $1.53 per...
ECN Capital Agrees to be Acquired by an Investor Group led by Warburg Pincus
ECN Capital Agrees to be Acquired by an Investor Group led by Warburg Pincus
Nov 13, 2025
05:24 PM EST, 11/13/2025 (MT Newswires) -- ECN Capital ( ECNCF ) after trade Thursday said it agreed to be acquired by a newly formed acquisition vehicle, controlled by an investor group led by Warburg Pincus LLC. The company said the suitors are offering for C$3.10 per in cash; and C$26.00 each for its cumulative 5-year minimum rate reset preferred...
US airlines reduce flight cuts for Friday despite 6% FAA order
US airlines reduce flight cuts for Friday despite 6% FAA order
Nov 13, 2025
WASHINGTON (Reuters) -U.S. airlines have cut far fewer flights for Friday despite no change in a requirement that they cut 6% of domestic flights at the 40 busiest American airports, according to aviation analytics firm Cirium and airline officials. The Federal Aviation Administration late on Wednesday said it would freeze mandatory flight cuts at 6%, and would not hike cancellation...
Copyright 2023-2026 - www.financetom.com All Rights Reserved