Rocket Lab finally pulled the cover off its Neutron rocket, a medium-lift vehicle that CEO Peter Beck calls “a rocket of 2050,” as the company looks to take a greater share of the launch market currently dominated by SpaceX.

This is the first major update on the project from the company since Neutron was announced in March. Since then, Rocket Lab’s been busy, going public via a merger with a blank-check firm, continuing to develop its Electron reusability program and expanding its space services division. All the while, the company has managed to stay mum about Neutron — until now.