Rocket Lab signed a new multi-launch agreement with Japan’s Institute for Q-shu Pioneers of Space, Inc. (iQPS). The deal secures three dedicated Electron launches scheduled to begin in 2028. These missions will lift off from Rocket Lab’s launch sites in New Zealand.

This agreement brings the total number of contracted missions for iQPS to 15. It represents the second multi-launch order from the Earth observation company in the last six months. Rocket Lab currently maintains a 100% mission success record for iQPS.

The upcoming missions will deploy iQPS's synthetic-aperture radar (SAR) satellites. Following the April 9, 2026, announcement, Rocket Lab shares increased 0.5% in post-market trading.