News
Rocket Lab to debut second New Zealand launch pad with first launch of 2022
Rocket Lab, a California-based aerospace company, recently announced the completion of a second launch pad at its primary New Zealand launch facilities.
In a last-minute change, Pad B (LC-1B), whose completion was announced on February 23rd, is scheduled to host both its first mission and Rocket Lab’s first Electron launch of 2022 no earlier than (NET) February 28th. The new pad is now the second to be constructed at Launch Complex 1 (LC-1), an exceptionally remote site located at the tip of northern New Zealand’s Mahia Peninsula. Aside from being the world’s first fully private orbital launch site, LC-1B’s completion makes it the third launch site built by Rocket Lab, including a yet unused pad at NASA’s Wallops Flight Facility on the East coast of Virginia. All three locations are exclusively designed to support the company’s small Electron rocket.
With the addition of Pad B, Rocket Lab hopes to drastically increase its launch cadence. Rocket Lab founder and CEO Peter Beck says that the company’s “ ability to launch and our launch cadence is essentially doubled by having an additional pad” at LC-1. What once started as an empty green field on the peninsula of New Zealand has grown into two orbital launch pads, private range control facilities, three satellite cleanrooms, a launch vehicle assembly hangar that can process multiple Electrons for launch at once, and administrative offices.
The update that's rolling out to the fleet makes full use of the front and rear steering travel to minimize turning circle. In this case a reduction of 1.6 feet just over the air— Wes (@wmorrill3) April 16, 2024
With three launch pads, two in the southern hemisphere and one in the northern, Rocket Lab provides their customer with plenty of options. “A reliable launch vehicle is only one part of the puzzle to unlocking space access – operating multiple launch sites so we can launch when and where our customers need to is another crucial factor. We are proud to be delivering responsive space access for our customers, making back-to-back missions possible within hours or days, not weeks or months”, stated Beck. It should be noted that Rocket Lab has yet to launch from NASA’s Wallops Flight Facility in Virginia due to delays in a NASA-provided component required for US Electron operations.
The Electron Rocket has launched 23 times to date, 20 of which were successful. The launch vehicle stands about 59 feet (18m) tall and is designed to mainly carry small satellites into Low Earth Orbit (LEO). Electron’s next launch, scheduled NET 3:35 pm EST (20:35 UTC) on February 28th, will be its 24th. Nicknamed “The Owl’s Night Continues,” Electron will carry a ‘Strix’ Earth observation satellite for the Japanese company Synspective. Rocket Lab successfully launched its first Strix satellite in December 2020.
Originally, Rocket Lab’s 24th launch was scheduled to carry a batch of two more BlackSky Earth-imaging satellites into orbit as early as February 4th, 2022, but the customer requested additional time for unknown reasons. In response, Rocket Lab managed to not only finish a new launch pad but also assembled a new Electron rocket to launch a different customer’s payload from the same pad with only a few weeks of delays.
Vice President Shaun D’Mello stated that he is proud of his team’s ability to build and bring a second pad online while simultaneously servicing and operating Pad A. Aside from a few recent launch failures, the company has made good progress over the last few years and doesn’t seem to be slowing down any time soon. Aside from consistently launching private customer payloads into orbit, Rocket Lab – seemingly baring fruit from a spate of recent acquisitions – was also recently awarded a substantial $143 million contract to design and manufacture seven spacecraft buses for a new Globalstar constellation in LEO. In comparison, one Electron launch contract brings in about $7-10 million of revenue, meaning that the value of a single satellite manufacturing contract may be about the same as the revenue Rocket Lab has gained from all 23 Electron launches.
“Rocket Lab will lead the development of the spacecraft buses, while MDA will act as prime contractor to manufacture Globalstar’s satellites, lead the development of the payload, and perform the final satellite assembly, integration, and test. The partnership between Rocket Lab and MDA brings together two of the space industry’s most innovative satellite companies. The total initial contract value for Rocket Lab is US$143 million, with options to provide the satellite operations control center, launch dispensers, launch integration, and up to nine additional spacecraft with flexibility in timing to order such spacecraft. The satellites will integrate with and replenish Globalstar’s current constellation, ensuring service continuity. Globalstar expects to launch the satellites by the end of 2025.”
All 17 of the 500-kilogram (1100 lb) spacecraft will be designed and manufactured at Rocket Lab’s Long Beach production complex and headquarters, where a new high-volume spacecraft manufacturing line is being developed to support growing demand for Rocket Lab satellites.
Elon Musk
Tesla Robotaxi and autonomy dreams lean on shareholders: Wedbush
Tesla’s dreams of developing a Robotaxi suite that utilizes a fully autonomous platform developed by the company’s top-tier talent now lean on shareholders and perhaps the most crucial vote in its history.
That’s what Dan Ives of Wedbush said in a new note to investors on Wednesday. As the Annual Shareholders’ Meeting is now just one day away, investors are down to their final chance to vote for or against Elon Musk’s new compensation plan.
Ives wrote that, while the company has made its intentions clear, wanting to maintain Musk, pay him accordingly, and give him the voting power he has long wanted, ultimately, the responsibility falls on investors.
🚨 A new note from Wedbush’s Dan Ives on Tesla $TSLA:
“A Big Day On Deck Tomorrow for Musk and Tesla; We Expect Pay Package Passes
Tomorrow Tesla will be hosting its annual shareholder meeting with all focus on the Musk pay package on deck. We expect Musk to get overwhelming…
— TESLARATI (@Teslarati) November 5, 2025
As many retail shareholders have pushed for people to vote for Musk’s compensation package, there are a handful of large-scale funds and firms that have decided to go in another direction. Bullish Wall Street firms, Wedbush being one of them, believe it is crucial for Tesla to maintain Musk.
The vote could have major implications on whether Tesla launches an autonomous Robotaxi suite in the near future, Ives says:
“Getting Musk’s pay package approved tomorrow at the highly anticipated meeting will be a big step towards advancing Tesla’s future goals with the autonomous and Robotaxi roadmap ahead.”
While some investors are convinced the company is ready to go in a different direction simply based on Musk’s political involvement over the past year, many investors are under the impression that the development of Tesla’s autonomy suite, as well as its prowess in the EV sector, would fall if Elon were not at the helm.
Tesla’s Board of Directors has already stated that they have received confirmation that Musk’s political involvement would wind down in a timely manner. Moving forward, his focus will not veer from the mission of any of his companies; at least that’s what can be gathered from some of the Board’s communications over the past month.
Musk’s new compensation package is incentivized by performance metrics and will require him to achieve a handful of lofty tranches. He will not get paid unless he drives shareholder value, which is something many skeptics tend to leave out.
Ives continues:
“This new incentive-driven pay package for Musk would also provide an additional 423 million shares of common stock (~12% of shares), which would increase his ownership of Tesla up to ~25% voting power, which we believe was critical to keep Musk at the helm to lead Tesla through the most critical time in the company’s history. We believe this was the smart move by the Board to lay out these incentives/pay package at this key time as the biggest asset for Tesla is Musk…and with the AI Revolution, this is a crucial time for Tesla ahead with autonomous and robotics front and center.”
Wedbush maintained its Outperform rating and $600 price target on shares.
News
Tesla Giga Berlin hits a sustainability milestone that’s so impressive, it sounds fake
As per the facility’s plant manager, Giga Berlin has completed one whole year without any of its process wastewater being discharged into the municipal sewer system.
Tesla Gigafactory Berlin-Brandenburg has achieved a sustainability milestone that is so impressive, it almost sounds fake. As per the facility’s plant manager, Giga Berlin has completed one whole year without any of its process wastewater being discharged into the municipal sewer system.
The announcement comes just over a month after Tesla Germany revealed that Gigafactory Berlin had returned 377,000 cubic meters of annual water rights to local authorities due to the facility’s sustainability systems.
Insane one year feat
Andre Thierig, Giga Berlin Senior Director of Manufacturing, stated that the factory’s one-year milestone was made possible by the facility’s industry-leading waste treatment systems. With no process wastewater discharged into the municipal sewer for a year now, Giga Berlin has effectively become one, if not the region’s, most environmentally friendly vehicle production facilities.
“Today, we completed 1 YEAR without any process waste water being discharged into the municipal sewer, achieved by an incredible team (aka Ninja Turtles) with our futuristic waste water treatment facility. Making a sustainable product matters a lot but doing it sustainably is just as important! This underlines our strong environmental commitment to region of Berlin-Brandenburg,” the plant manager wrote in a LinkedIn post.

Officials and Giga Berlin’s water consumption
Jochem Freyer, Chairman of the Management Board of the Employment Agency Frankfurt (Oder), shared his congratulations to Tesla Germany. “The decision in favor of the facility was a strong move – for the environment, for the brand, for East Brandenburg! I hope for further innovations from Giga Berlin-Brandenburg, the official noted.
In late September, reports emerged stating that Tesla Germany had returned 377,000 cubic meters of annual water rights to the Strausberg-Erkner Water Association (WSE). This was because the facility ended up using significantly less water than originally planned. WSE chairman Thomas Krieger stated that the water Giga Berlin was saving would be distributed to municipalities and other users in the region.
News
Tesla’s latest Robotaxi job posting takes the whole program a step forward
On Tuesday, Tesla posted a new job for a Senior Insurance Claims Specialist, Robotaxi, the first of its kind.
Tesla’s latest Robotaxi job posting goes beyond what has been posted in the past and truly takes the entire program a step forward.
Tesla has been hiring some employees for Robotaxi, but a vast majority of the job postings have been related to Vehicle Operator positions, meaning the people who are Safety Monitors or Validation Vehicle Drivers.
Some job postings have hinted at Robotaxi expanding to new cities.
However, on Tuesday, Tesla posted a new job for a Senior Insurance Claims Specialist, Robotaxi, the first of its kind.
The job description says the employee will “oversee the company’s corporate insurance, risk management and surety programs across all business components.” Additionally, it says the position plays “a critical role in managing incident reporting a claim processes for Tesla Robotaxi and ride-hailing operations.”
🚨Buckle up — shit’s about to get real.
Tesla hires Senior Robotaxi Insurance Claims Specialist. pic.twitter.com/RAdjJCYCeS
— Tesla Yoda (@teslayoda) November 5, 2025
Essentially, Tesla could be looking to prepare for when it eventually will have to take liability for accidents completely. This would be when the company launches fully autonomous vehicles, meaning Cybercab and the Robotaxi program, specifically. It would also include passenger vehicles with Full Self-Driving.
Tesla is currently operating a Robotaxi program in Austin, Texas, as well as a ride-hailing platform in the California Bay Area.
These programs are the company’s first foray into ride-hailing, with or without someone in the driver’s seat of the vehicle. In Austin, Tesla operates most of its rides without a Safety Monitor in the driver’s seat. Only freeway routes require the Monitor to be directly behind the wheel.
In California, someone sits in the driver’s seat at all times.
The job posting seems to indicate that things could be relatively close in terms of solving self-driving, especially if Tesla is looking to fill a role that would handle autonomous insurance claims.
Of course, it will take Tesla to solve autonomy, and with the company aiming to start Cybercab production (without a steering wheel) in Q2 2025, it surely feels like it is on the brink of something great.
-
News2 weeks agoTesla rolled out a new feature with FSD v14 to fix a major complaint
-
News2 weeks agoTesla Full Self-Driving’s new version officially gets a wider rollout
-
Investor's Corner2 weeks agoTesla analyst says this common earnings narrative is losing importance
-
News7 days agoTesla Cybercab spotted testing on public roads for the first time
-
Elon Musk4 days agoNeuralink’s first patient could receive an upgrade: Elon Musk
-
News2 weeks agoTesla ‘Mad Max’ gets its first bit of regulatory attention
-
News2 weeks agoTesla reveals its plans for Hardware 3 owners who are eager for updates
-
News5 days agoNeuralink’s first human patient reflects on 21 months with brain implant “Eve”

