Rocket Lab Suffers First Launch Failure in Over Two Years During CAPSTONE Mission
-
Rocket Lab's Electron rocket carrying CAPSTONE mission lifts off from New Zealand on June 28, 2022, but fails around 2.5 minutes into flight.
-
First launch failure for Rocket Lab in over two years, breaking streak of 19 successful launches.
-
Rocket Lab says it is working with FAA to investigate root cause, postponing next Electron mission.
-
Company apologizes to customer Capella Space, whose satellite was lost in failed launch.
-
Rocket Lab stock drops about 7% on Tuesday after news of failure, recovering from premarket loss of 26%.
![](https://image.cnbcfm.com/api/v1/image/107081674-1656417291681-52179645015_d024120353_k.jpg?v=1695124935&w=1920&h=1080)