Vector Space Systems raises funds to develop small launch vehicle | SpaceNews.com
WASHINGTON — A company led by a number of space industry veterans is the latest to enter the crowded small launch vehicle field, hoping to stand out by focusing on the very small end of the market.
Vector Space Systems announced April 26 that it has raised a seed round of more than $1 million from a group of angel investors. The Tucson, Arizona-based company plans to use the funding to continue development of its Vector small launch vehicle.
Vector is designed to provide dedicated launches of very small spacecraft. The vehicle is capable of placing satellites weighing up to 45 kilograms into a basic low Earth orbit, and 25 kilograms into a standard sun synchronous orbit. Those launches will cost $2–3 million each, with the higher price reserved for “first class” launches reserved as little as three months in advance.
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