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The global launch market reached $14.1 billion in 2024 — up 34% since 2021.
| Attribute | Electron 🇳🇿 New Zealand / USA Trust: Agency-primaryⓘ Last verified Active · Last updated 2026-06-01Remove × | ||
|---|---|---|---|
| Company | Rocket Lab | JAXA / Mitsubishi Heavy Industries | SpaceX |
| Country | 🇳🇿 New Zealand / USA | 🇯🇵 Japan | 🇺🇸 USA |
| Status | Active | Active | Active |
| Vehicle class | Small | Heavy | Medium |
| Propellant | RP-1 / LOX | LH₂ / LOX (LE-9 first stage + LE-5B-3 second stage) | RP-1 / LOX |
| Reusable | Yes | No | Yes |
| Stages | 2 | 2 | 2 |
| First flight | 2017 | 2024 | 2010 |
| Payload to LEO | 300 kgas of [1]~200 kg reusable mode (lower due to propellant reserved for re-entry burn) | 16,500 kgas of [1]H3-24 (2 SRB-3 + 4 LE-9 engines) configuration. H3-30 baseline: 16,500 kg. | 22,800 kgas of [1]Reusable first stage (expended gives 22,800 kg; reused gives ~15,600 kg) ↑ Best |
| Payload to GTO | — | 6,500 kgas of [1] | 8,300 kgas of [1]Expendable configuration. Reusable GTO capacity ~5,500 kg. ↑ Best |
| Height | 18 mas of [1] | 57 mas of [1] | 70 mas of [1] ↑ Best |
| Liftoff mass | 13 tas of [1] | 574 tas of [1]H3-24S configuration ↑ Best | 549 tas of [1] |
| Success rate | 95.4%as of [2]83/87 orbital successes; 21/21 success rate in 2025 calendar year per Rocket Lab investor release | 75%as of [2]~6/8 successes. TF1 (Feb 2023) first flight failure (LE-9 ignition issue, DAICHI-3 lost). F8 (Dec 23, 2025) QZS-5 lost to 2nd-stage relight anomaly. | 99.5%as of [2]634/637 full successes; Block 5 alone 580/581 = 99.8% ↑ Best |
| Total flights | 87as of [2] | 8as of [2] | 637as of [2] ↑ Best |
| Cost / kg LEO | ~$25,000/kgas of [1]Based on ~$7.5M list price / 300 kg payload | ~$5,500/kgas of [1]Target unit price ¥5B (~$35M at ¥145/$); roughly half H-IIA's per-launch cost | ~$2,720/kgas of [1]Based on $67M list price / 22,800 kg LEO (expendable) ↓ Cheapest |
| Summary | The world's most commercially active small launch vehicle, designed and built in-house at Rocket Lab. Rutherford engines are the first flight-proven engines made with additive manufacturing (metal 3D printing). Booster recovery via parachute and helicopter catch (later transitioned to ocean recovery). | Japan's next-generation flagship rocket designed to halve H-IIA costs. Uses three LE-9 engines burning liquid hydrogen — the highest-performing expander-cycle engines in the world. First successful flight was TF2 (Feb 17, 2024). HTV-X1 cargo mission to ISS (Oct 2025) demonstrated operational readiness. | The world's most frequently flown orbital rocket. Block 5 first stages have landed over 280 times and reflown up to 23 times. Backbone of Starlink and commercial crewed launches. |
28 launch vehicles across 10 countries — active, retired, and in development — with primary-source citations from manufacturer user guides and agency press kits. Pure URL state: bookmark or share the link and the comparison reproduces exactly.