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Rocket Lab assembling first reusable Neutron rocket hardware
Rocket Lab appears to have made significant progress since revealing the state of hardware development for its next-generation Neutron rocket in a September 2022 investor update.
At the time, the company shared photos of early work on prototypes of smaller Neutron structural elements, as well as progress building the giant molds that will be used to ‘lay up’ the rocket’s carbon fiber composite tanks and airframe. Rocket Lab also showed off acquisitions of some of the supersized manufacturing equipment that will be used to build the giant rocket, as well as the beginnings of a dedicated Neutron factory in Virginia.
Four months later, photos shared by CEO Peter Beck show that Rocket Lab has progressed to full-scale carbon fiber hardware manufacturing. In December 2022, Beck shared a photo of a full-size Neutron tank dome in the middle of production. A month later, Beck shared a photo of work on both halves of a Neutron booster tank dome. Measuring around seven meters (23 ft) wide, the latter component is already on track to become one of the largest carbon fiber structures ever prepared for a rocket once the halves are joined. And once two more halves are built and assembled, Rocket Lab could soon be ready to start testing full-scale Neutron tank hardware – a crucial milestone for any new rocket.
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
Announced in March 2021 and properly unveiled in December 2021, Neutron is a partially-reusable two-stage rocket designed to launch up to 15 tons to Low Earth Orbit (LEO) using liquid methane and oxygen propellant. Neutron measures 42.8 meters (140.4 ft) tall and up to seven meters (23 ft) wide. Its stout, ballistically-optimized design means that it’s simultaneously 40% shorter and up to 190% wider than SpaceX’s workhorse Falcon 9 rocket.
Design differences aside, Neutron is the first rocket that has been obviously designed as an answer to Falcon 9, which has become one of the most prolific, cost-effective, and routinely reusable rockets in the world over the last five or so years. Depending on how much Rocket Lab can sell Neutron for while still breaking even, Neutron has the potential to give Falcon 9 a serious run for its money – or at least force SpaceX to lower its prices. Like Falcon 9, Neutron will have a reusable booster, a reusable payload fairing, and an expendable upper stage. Its booster will also have nine (Archimedes) engines and the upper stage will be powered by one engine. At liftoff, Neutron will produce up to 674 tons (1.49M lbf) of thrust to Falcon 9’s 770 tons (1.7M lbf).
Unlike Falcon 9, Neutron’s similarly-sized reusable fairing is integral, meaning that it will stay permanently attached to the booster. But despite the added mass of the integral fairing and the rocket’s significantly shorter layout, Rocket Lab says that Neutron will be able to launch up to 13 tons (~28,700 lb) to LEO if the booster lands on a barge downrange. Using the same approach with a deployable fairing, Falcon 9 has launched up to 16.7 tons (~36,800 lb) to LEO. That 23% performance gap may seem significant, but the reality is that only SpaceX’s own Starlink and Dragon missions have ever needed Falcon 9 to launch more than 13 tons to orbit.
If Neutron can consistently launch ~25% less payload than Falcon 9 to all Earth and near-Earth orbits, virtually every commercial launch contract that’s currently a SpaceX shoo-in could be within reach of Rocket Lab within several years. The challenge, of course, is building Neutron and making sure the ambitious rocket and its clean-sheet Archimedes engine work as expected and can be reused as easily as Falcon 9.
The company is attempting to get there with its far smaller Electron vehicle, but Rocket Lab has never reused a rocket. And five and a half years after Electron’s debut, the company has never launched more than nine times in one year. SpaceX is about to reuse a Falcon booster for the 140th time and launched 61 times in 2022 – a lead that may prove almost impossible to close. There’s also the fact that the size gap between Rocket Lab’s rockets is so extreme that Neutron could likely launch a fully-fueled Electron into orbit.
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But again, SpaceX serves as a demonstration that what Rocket Lab hopes to achieve is not impossible. SpaceX went directly from Falcon 1 (about twice as large as Electron) to Falcon 9 V1.0 (about 30% smaller than Neutron) after just two successful launches of the smaller rocket. Electron has successfully launched 29 times since May 2017 and Rocket Lab is already learning about reusability through the smaller rocket. The challenges facing Rocket Lab are huge, but Neutron still remains the most promising SpaceX competitor currently in development. Kicking off full-scale Neutron tank testing just 2-3 years after the rocket was revealed would only reiterate its strengths. Stay tuned to see how much Neutron progress Rocket Lab can make in 2023.
Elon Musk shed two new bits of detail on Starship following its 13th test launch, which was an overwhelming success.
SpaceX launched Starship for the 13th time last Friday after two delays: one on Monday when several Raptor engines did not ignite, and another on Thursday due to unfavorable weather conditions in Starbase, Texas.
The launch was overwhelmingly successful. SpaceX was able to complete a necessary test of the heat shield tiles by increasing the acceleration of Starship from launch throughout the flight; 20 Starlink v3 satellites were released with no issue; the Super Heavy Booster landed safely in the Gulf of America, Ship successfully reignited engines while in space; and it also splashed down without incident in the Indian Ocean.
SpaceX Starship just nailed something it’s never done before
Nevertheless, more details are coming out about Starship, and Musk is doing the talking.
Starship Will Be Retrieved in the Ocean
Musk revealed on Tuesday night that Starship would be recovered by a ship in the Indian Ocean. SpaceX routinely tries to recover Starship after splashdown in an effort to find out more about the flight by examining the spacecraft afterward.
We’re sending a ship out to recover Starship https://t.co/fUqUZTITO9
— Elon Musk (@elonmusk) July 28, 2026
This helps engineers find out more about why things might have happened, allows them to examine any potential damage or anomalies that might have occurred, and increases the chances of an even more successful flight next time thanks to the additional information recovered.
Ship Could Have Been Caught by Tower Arms, Musk claims
Musk has already indicated that SpaceX will plan to attempt a catch of Starship with the 14th test flight. While this would be a major accomplishment, it would be an expected next step, considering the fact that the Super Heavy Booster has already been caught by the chopsticks on numerous occasions.
The ship landing was precise, meaning that it would have been caught by the tower arms https://t.co/6nbNrRfX9P
— Elon Musk (@elonmusk) July 29, 2026
A ship catch would be a great indication of where SpaceX stands in terms of reusability and launch cadence. A successful catch with relatively no incidents would be a good sign that SpaceX is nearing a more frequent launch of Starship, but also that the reusability of the massive rocket would be something many would expect in the near future.
It is a necessity to make life multiplanetary.
Elon Musk has updated his timeline for when humans will walk on Mars and for when ships will simply get there.
The objective of getting to Mars has been one of Musk’s biggest goals since becoming a serial entrepreneur and realizing that time on Earth is limited. Musk has said several times he hopes to die on Mars, and not by impact.
Musk now believes that people will be on Mars in “roughly 5 to 7 years.” He said that a Mars lander will get there “a few years sooner.”
People on Mars in roughly 5 to 7 years.
Mars lander a few years sooner.
— Elon Musk (@elonmusk) July 29, 2026
The response from Musk comes after NASA Administrator Jared Isaacman said that SpaceX’s biggest priority is the Moon and not Mars. Because of this, Isaacman conceded that he believes nuclear power and propulsion investments will provide “potentially the pathway with the fewest miracles required to put four people on Mars in the next 10 to 15 years.”
Of course, this is what NASA can do through taxpayer funding and nuclear investments, he added.
Musk’s grand ambitions are much more optimistic than most, and it is certainly a double-edged sword. This is not the first time timelines for Mars have been somewhat lofty, especially to those normal thinkers like you and me, not super geniuses like Musk.
In fact, the SpaceX and Tesla frontman has said on at least a dozen occasions that we could be on Mars in the coming years. Musk said 2020 would be the big year as early as 2009. In 2020, he was “highly confident” of a landing in 2026, and had even said 2024 in a best-case scenario.
The point is, the range has varied, and it’s anyone’s guess when we’ll get there. This latest adjustment to the timeline is typical of Musk, and while the Moon has seemingly taken priority over Mars, it is still worth mentioning that the ultimate goal is to make life multiplanetary, and it starts potentially with the Red Planet.
SpaceX (NASDAQ: SPCX) got an absolutely crazy price target rating from Raymond James after the company experienced a tough first few weeks following its Initial Public Offering (IPO).
Despite the tumultuous start, SpaceX has plenty of believers, and the company’s massively successful Starship launch last Friday, its 13th test flight of the massive rocket, went so smoothly that Raymond James analysts pushed its price target on the company to roughly 7 times its current trading level.
SpaceX Starship just nailed something it’s never done before
The firm officially put a “Strong Buy” rating and an $800 price target on the stock. It currently trades at around $113. Its all-time high is $225.64, reaching this trading level shortly after shares first went public.
Raymond James’ price target is tied to the firm’s confidence after Starship’s 13th test flight. Analysts at the firm said it was an incremental step that reduces engineering risks, citing the widely successful heat shield test that CEO Elon Musk recently detailed, the smooth deployment of Starlink V3 satellites, and a successful in-space engine relight.
SpaceX also managed to see Starship splash down safely in the Indian Ocean, while the Super Heavy Booster fell down to the Gulf of America with no incidents.
It is interesting to see these launches have such a tremendous impact on the stock and what investors think of it. After SpaceX initially delayed the Starship launch last week, shares fell tremendously. Most probably did not realize that the stand-down is a standard practice, especially if everything is not perfect.
The mission was initially aborted due to an issue with Raptor engines. This was resolved, and Starship launched last Friday after another delay on Thursday, which was caused by weather.
Now that analysts have seen what SpaceX launches are capable of and how impressive the feat is, firms are adjusting their price targets accordingly, making it known that they have high expectations for the space exploration company.
Elon Musk sheds two new bits of detail on Starship after 13th test launch
Elon Musk updates the SpaceX timeline for Mars
