The private launch pad of the organization in New Zealand happens to be the first privately operated launch pad in the world.
The mission, dubbed "It's Business Time" ("time business"), was postponed several times due to technical and weather problems.
In addition, High Performance Space Structure Systems GmbH created for the experimental Parus NABEO for de-orbiting of satellites after their mission.
Rocket Lab has continued the success of its 2018 orbital launch program with the launch of seven payloads to orbit on 11 November 2018.
"Perfect flight", Rocket Lab CEO Peter Beck said in a tweet after the launch.
The Electron - which is about a quarter the size of SpaceX's 230ft (70m) tall Falcon 9 - released the payload about 45 minutes after the launch. Their massive rockets were lucky to fly once a month and typically carried bus-sized satellites.
Rocket Lab most recent funding round was in 2017, when it raised US$75m at a post-money valuation of more than $1b.
They could have another mission in space by the end of the year - this one for NASA. "It's Business Time is "business time" in more meanings that you can imagine".
Two other promising companies are Relativity Space, which looks to 3D print most of its rocket, and Gilmour Space, based in Australia.
One company, who had been waiting 12 months, said Rocket Lab was able to get them into space in a matter of weeks.
That means while Rocket Lab is capital-intensive, it's still has nothing on Space X's constant need for external capital raising.
The new nanotechnology space race started about a decade ago and focuses more on private innovation rather than competition between rival countries.
There are at least 150 firms working on small rockets, although most probably will never get off the ground. "There is officially a launch vehicle on the market that's capable of delivering small-sat payloads into orbit".
Dozens of satellite start-ups have appeared over the past two years, hoping to take advantage of these small rockets. The company intends to launch the first rocket launch Electron from the new facility by the third quarter of 2019.
Electron - two-stage rocket ultralight class that can send in low earth orbit, up to 225 pounds.