Rocket Lab (NASDAQ: RKLB) has launched its 54th Electron mission, deploying a satellite to Low Earth Orbit for a confidential commercial client.

The mission, named "Changes in Latitudes, Changes in Attitudes" lifted off from Rocket Lab Launch Complex 1 in New Zealand. This marks Rocket Lab's 12th Electron launch in 2024, surpassing last year's record of 10 launches. Electron remains the third most frequently launched rocket globally and the second in the U.S.

Notably, the mission was completed in less than ten weeks from contract signing, showcasing Rocket Lab's rapid launch capabilities. This quick turnaround allows customers to reach orbit in weeks instead of years, accelerating technology testing and revenue generation for satellite operators.

Rocket Lab founder and CEO, Sir Peter Beck stated: “Another successful launch showcasing all the best attributes of the Rocket Lab team and Electron: A streamlined process from contract to orbit, pinpoint deployment accuracy, and a responsive service tailored exactly to the customer’s needs.”

Founded in 2006, Rocket Lab is an end-to-end space company with an established track record of mission success, making it faster, easier, and more affordable to access space.

Shares of Rocket Lab trade on the NASDAQ under the ticker symbol RKLB.