Rocket Lab, a private aerospace company, experienced a failed launch on Saturday, resulting in the loss of a client’s satellite. The launch, called “Running Out of Toes,” took place from Rocket Lab’s launch facility on New Zealand’s Mahia Peninsula.

The Electron rocket, carrying a BlackSky Global 7 satellite, successfully lifted off from the launch pad. However, during the second-stage burn, a problem occurred, leading to the loss of the vehicle and payload.

Rocket Lab’s CEO, Peter Beck, confirmed the failure in a tweet, stating that it was a “tough day” for the team. The company’s priority now is to investigate the issue thoroughly to prevent a recurrence in future launches.

The failed launch marks the first major setback for Rocket Lab, which has been known for its success in delivering small satellites to space. Since its first successful launch in 2018, the company has completed a total of 12 missions, including the deployment of satellites for clients such as NASA and the U.S. military.

Rocket Lab’s Electron rocket is designed to be a cost-effective and frequent access to space for small payloads. The company aims to develop a routine launch schedule to meet the growing demand for satellite deployment.

Despite the failed launch, Rocket Lab remains committed to its mission of making space more accessible. The company has plans to increase its launch cadence and is actively working on a new launch facility in the United States.

Rocket Lab has quickly become a major player in the private space industry, offering reliable and affordable launch services. With this setback, the company will likely take necessary measures to ensure the success of future launches and maintain its position in the competitive market.