Sunday, February 8, 2015

Rocket Lab Visits the Cape

Click the arrow to watch the promotional film. Video source: Rocket Lab YouTube channel.

James Dean of Florida Today reports in today's edition that a New Zealand-based NewSpace startup recently visited the Space Coast to evaluate potential launch sites.

Rocket Lab USA is developing the 59-foot-tall, liquid-fueled Electron rocket for orbital launches of satellites weighing roughly 220 pounds.

“It’s a giant sounding rocket, basically,” said CEO Peter Beck, who founded the company in 2007.

Beck in 2013 raised money from Silicon Valley-based venture capital firm Khosla Ventures, and says word about a second financing round is coming soon.

Technically a U.S. company with most of its employees (about 50) based at a New Zealand subsidiary, Rocket Lab has done work for DARPA and traditional aerospace contractors.

The company hopes to launch a test flight late this year from a private range in New Zealand and begin commercial service next year, and has commitments to launch more than 30 satellites.

Click here to visit the Rocket Lab web site.

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