Payload is the object or the entity which is being carried by an aircraft or launch vehicle. Sometimes payload also refers to the carrying capacity of an aircraft or launch vehicle, usually measured in terms of weight. Depending on the nature of the flight or mission, the payload of a vehicle may include cargo, passengers, flight crew, munitions, scientific instruments or experiments, or other equipment. Extra fuel, when optionally carried, is also considered part of the payload.

A launch vehicle is typically a rocket-powered vehicle designed to carry a payload from Earth's surface or lower atmosphere to outer space. The most common form is the ballistic missile-shaped multistage rocket, but the term is more general and also encompasses vehicles like the Space Shuttle. Most launch vehicles operate from a launch pad, supported by a launch control center and systems such as vehicle assembly and fueling. Launch vehicles are engineered with advanced aerodynamics and technologies, which contribute to high operating costs.