Rocket Lab
Launch Finance
How it works

Launch reservation to insured mission, in twelve steps

A bundled flow across Rocket Lab, SFC, Alera, Relm, and the CDI provider — coordinated through one platform.

  1. 01

    Customer selects Rocket Lab Electron launch pathway

  2. 02

    Customer runs indicative launch finance quote

  3. 03

    Platform estimates launch insurance premium using declared payload value × 6% rate online

  4. 04

    Customer chooses to finance the launch cost only or launch cost plus insurance premium

  5. 05

    Space Finance Company underwrites the borrower and issues launch finance terms

  6. 06

    Alera Group structures and places launch and payload insurance

  7. 07

    Relm Insurance reviews launch and payload insurance capacity

  8. 08

    Alera Group places credit default insurance on the SFC launch finance debt (3% × financed loan exposure)

  9. 09

    Final terms are issued

  10. 10

    Rocket Lab receives launch payment per the Launch Services Agreement

  11. 11

    Customer repays the SFC loan before launch

  12. 12

    Launch occurs

Transaction structure
  • Space Operator (Borrower)
  • Rocket Lab — Launch Provider
  • Space Finance Company / SFC Master Trust
  • Alera Group — insurance program structuring & placement
  • Relm Insurance — launch & payload capacity
  • Credit Default Insurance — placed by Alera on SFC debt
  • Investor Capital
Insurance policies, the Launch Services Agreement, and assignments of insurance proceeds and customer revenues sit between the parties to secure the SFC facility.