Under this Motto, which alludes to a Song from the American Comedy series "Flight of the Conchords", has shot up the company Rocket Lab is the first commercial cargo rocket in Orbit. Both run were conducted only at the moment of the Baikonur Rocket Lab, located on the Peninsula of Mahia on the North island of New Zealand.
Hoping to eventually take away some of the hundreds (if not thousands) of defunct satellites burgeoning our skies, one interesting payload to hitch a ride with the Electron was a drag sail technology demonstrator, designed and built by High Performance Space Structure Systems GmbH, known as NABEO.
The mission was named "It's Business Time" and has now put the company in a dominant position in the fast-growing market for flying small satellites into space.
Private space company Rocket Lab has been working to launch its small rocket, with a likely launch date of November 2018.
Electron is created to carry smaller payloads around 150 to 225 kg (330 to 495 lb), and the company intends to start ramping up its launches in 2019.
Although the going-rate for deliveries is much lower for SpaceX, customers are flocking to Rocket Lab for reduced wait time and speedier deliveries.
Rocket Lab is building small rockets priced at about $5.7 million a launch.
Space Angels, a space-business investment firm, is tracking 150 small launch companies.
But Beck said many in the industry are willing to pay for the convenience of an Electron rocket. IRVINE01, as it is called, is also the first satellite that will have Accion Systems' electrospray thrust modules, tiny modular things that are highly efficient and ideal for small craft, according to Tech Crunch.
Rocket Lab succeeded this weekend in moving from a company testing its rocket to one that has truly begun commercial operations.
Rocket Lab represents a second dramatic shift in the launch industry toward smaller, cheaper rockets that fly nearly every day. "With the Electron launch vehicle, rapid and reliable access to space is now a reality for small satellites".
Sunday's Rocket Lab mission included payloads for customers like Spire Global, which collects data about ships and planes around the globe, and Fleet Space Technologies, which aims to connect remote devices to the internet.