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Two SpaceX Founders Have Started Their Own Rocket Company

by onApril 27, 2016
 

Two of SpaceX’s (Elon Musk’s private space company) founders are starting another rocket company Vector Space Systems, which just announced $1 million in angel investment. They will focus their efforts on building launch vehicles expressly designed to put micro-satellites into orbit.

 
Still developing it’s first rocket called the ‘Vector‘ it carry approximately 5 to 50kg of cargo with a cost of $2 to $3 million per rocket. This makes it ideal for lighter micro-satellites, which range from 20 to 200 pounds.

At about $60 million per Falcon 9 (SpaceX’s current rocket) launch, the Vector will be a much cheaper option for deploying micro-satellites.

Vector Space Systems and it’s founders claim that their prototype rocket has flown up to 100,000 feet without issue and that they plan to proceed with a demonstration flight of the full rocket this summer, and reach orbit by 2018.

References:Vector – Engadet – The Verge

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