Rocket Lab expands executive team

2nd Electron Rocket “Still Testing” successfully reached orbit in January 2018 and deployed payloads for Planet and Spire (Rocket Lab)

3 April 2018

Joining small satellite launcher Rocket Lab at its headquarters in Huntington Beach, California is Adam Spice as chief financial officer. He makes the move on 24 May from MaxLinear – a US electronics firm which provides radio-frequency, analog and mixed-signal integrated circuits for broadband communications for in-home, industrial and infrastructure applications – where he was also chief financial officer and oversaw revenue growth from approximately $70m in 2010 to $421m in 2017 during his seven-year tenure.

Peter Beck, Rocket Lab’s chief executive and founder, said Spice “will play a key role … as we expand commercial operations, increase launch frequency and solidify our position as the world’s preeminent private small launch provider.”

The appointment comes as Rocket Lab gears up for its first fully commercial launch with a payload that includes two Lemur-2 cubesats for Spire Global. Rocket Lab’s third Electron rocket will be shipped out from California in the next few weeks to the company’s private launch site on New Zealand’s Mahia Peninsula.

Rocket Lab wants to produce 100 Rutherford engines for its Electron Rocket in 2018 from its Huntington Beach production facility.

At full production, Rocket Lab expects to launch more than 50 times a year, and is regulated to launch up to 120 times a year.