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Rocket Lab Gets $150 Million Conditional Loan Commitment from Pentagon OSC for Neutron
The Pentagon's Office of Strategic Capital announced a conditional loan commitment of up to $150 million to Rocket Lab for development and industrial expansion related to its Neutron launch vehicle. The proposed financing is intended to help increase the flight rate of the reusable medium-lift rocket after its inaugural launch and support additional government and commercial access to orbit. Neutron remains in testing and has secured launch agreements, including national-security missions, but had not completed its first flight when the announcement was made. The commitment is conditional financing rather than a disbursed grant or a confirmed purchase of launch services by the Pentagon.