A Rocket Lab Electron rocket launched the company's first commercial mission, nicknamed It's Business Time, on Nov. 10, 2018 (Nov. 11 New Zealand Time) from a launch pad on the Mahia Peninsula in New Zealand. (Image credit: Rocket Lab)

The Electron Rocket is the workhorse vehicle of the private spaceflight company Rocket Lab , which provides launches for small satellites to Earth orbit. The rocket's two stages stand 57 feet tall (15 meters) on the launchpad, and it can take payloads of up to 500 lbs. (227 kilograms) during each mission.

Rocket Lab charges $5 million per flight for Electron, though the cost is usually split up among the multiple small satellites, such as CubeSats, that can occupy the rocket's bulk. Electron is diminutive compared to most rockets that send cargo to orbit; SpaceX's Falcon 9 is 229 feet (70 m) tall, and each of its missions costs about $62 million.