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Firefly's Alpha Block 2, Falcon 9 slowdown, Rocket Lab revenue surge

Ars Technica •
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Firefly Aerospace confirmed it will launch the upgraded Alpha Block 2 rocket late this summer, following a successful return‑to‑flight of the original Alpha in March. The Block 2 variant stretches both stages, adds new avionics, higher‑capacity batteries and upgraded thermal protection to address the two failures and two partial failures recorded in its first six attempts. No customer was named for Flight 8, but the company plans two additional launches before year‑end.

SpaceX’s Falcon 9 launch cadence appears to be slipping as the firm redirects resources to Starship. In 2025 the workhorse flew 165 times, up from 134 the year before, but Shotwell now projects only about 140‑145 missions in 2026, with one of its two Florida pads being repurposed for Starship operations. The shift signals a strategic pivot rather than a reliability issue.

Rocket Lab posted a record first‑quarter revenue exceeding $200 million, a 63 % jump year‑over‑year, and now carries a $2.2 billion backlog with $2 billion of liquidity for future deals. The company sealed 31 new Electron and HASTE contracts and five dedicated Neutron launches, outpacing its entire 2025 launch volume in just three months. These results reinforce Rocket Lab’s emergence as a serious competitor in the small‑to‑medium lift market.