Rocket Lab Announces Board Change

Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”) today announced that after 11 years of dedicated service, Dr. Sven Strohband will not stand for re-election to the Company’s Board of Directors at the 2024 Annual Meeting of Stockholders.

Dr. Strohband has served as a member of Rocket Lab's Board of Directors since 2013. As Managing Director at venture capital firm Khosla Ventures, he is a seasoned venture capital investor and deep tech leader who previously led technical diligence for six years at Mohr Davidow Ventures, and also led technical projects at Stanford and the Electronics Research Lab of Volkswagen.

“Sven has shown Rocket Lab unwavering commitment since our fledging days, serving as a trusted voice offering invaluable insight and support through critical milestones including funding rounds, our first Electron launch, NASDAQ listing, expansion into space systems and everything in between,” said Rocket Lab founder and CEO Peter Beck. “While we’ve always known the time would come for Sven to tackle new projects, I’m immensely grateful to have had him at our side for more than a decade. I know he will be cheering us on as we continue our growth trajectory, supported by a strong board stacked with formidable talent and experience.”

“The first time we met Peter in 2013, we knew he was a once-in-a-generation entrepreneur and could not wait to back his powerful vision to make space accessible. He fit into our philosophy of betting early on bold and impactful companies, and we led the Series A investment and have been involved in every round leading to Rocket Lab’s public listing,” said Sven Strohband. “Over the years, I have been fortunate to work with Peter and his team and have been wowed by what they have accomplished. Rocket Lab is the coolest company I have been involved with and am their biggest fan. I can’t wait to see what they do next.”

Dr. Strohband will continue to serve on Rocket Lab’s board until the 2024 Annual Meeting of Stockholders to be held on June 12, 2024.

+ About Rocket Lab

Founded in 2006, Rocket Lab is an end-to-end space company with an established track record of mission success. We deliver reliable launch services, satellite manufacture, spacecraft components, and on-orbit management solutions that make it faster, easier, and more affordable to access space. Headquartered in Long Beach, California, Rocket Lab designs and manufactures the Electron small orbital launch vehicle, the Photon satellite platform, and the Company is developing the large Neutron launch vehicle for constellation deployment. Since its first orbital launch in January 2018, Rocket Lab’s Electron launch vehicle has become the second most frequently launched U.S. rocket annually and has delivered 180+ satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. Rocket Lab’s Photon spacecraft platform has been selected to support NASA missions to the Moon and Mars, as well as the first private commercial mission to Venus. Rocket Lab has three launch pads at two launch sites, including two launch pads at a private orbital launch site located in New Zealand and a third launch pad in Virginia. To learn more, visit www.rocketlabusa.com.