Mentioned:
Rocket Lab is using their rockets for something new: wildfire prevention.
What’s happening:
- Rocket Lab (NASDAQ: RKLB) has entered into a new deal with German satellite company OroraTech to launch their satellites into orbit
The big idea:
- Orora Technologies has developed satellites that are capable of monitoring potential wildfire risks through thermal infrared cameras
- Rocket Lab will launch the largest plane of satellites ever deployed by OroraTech into orbit
Why it matters:
- Using satellites to monitor and quickly identify locations that are a high risk for wildfires is one of the most compelling applications of satellite technology to make a meaningful difference in environmental protection
Going deeper:
- The OroraTech launch will take place at Rocket Lab’s Launch Complex 1 located in New Zealand
The intrigue:
- The Greek government previously struck a deal with OroraTech to launch a national wildfire prevention project and leverage their satellite technology to monitor smaller islands in Greece for potential risks of harmful fires
