When Rocket Lab launched their first Electron booster in 2017, it was unlike anything that had ever flown before. The small commercially developed rocket was the first to use fully 3D printed main engines, and instead of pumping its propellants with traditional turbines, the vehicle used electric motors that jettisoned their depleted battery packs overboard during ascent to reduce weight. It even looked different than its peers, as rather than a metal fuselage, the Electron was built from a lightweight carbon composite which gave it a distinctive black color scheme.
Packing so many revolutionary technical advancements into a single vehicle was a risk, but Rocket Lab founder Peter Beck believed a technical shakeup was the only way to get ahead in an increasingly competitive market. While that first launch in 2017 didn’t make it to orbit, the next year, Rocket Lab could boast three successful flights. By the end of 2020, a total of fifteen Electron rockets had completed their missions, carrying payloads from both commercial customers and government agencies such as NASA, the United States Air Force, and DARPA.
Rocket Lab’s gambit paid off, and the company has greatly outpaced competitors such as Virgin Orbit, Astra, and Relativity. In fact Electron is now the second most active orbital booster in the United States, behind SpaceX’s Falcon 9. Considering their explosive growth, it’s only natural they’d want to maintain that momentum going forward. But even still, the recent announcement that the company will be developing a far larger rocket they call Neutron to fly by 2024 took many in the industry by surprise; especially since Peter Beck himself had previously said they would never build it.