Homepage / Technology / This founder split from Elon Musk and is now launching rockets for one-twentieth the cost of SpaceX
Как Стать Стримером Казино%3F Что для Этого Нужно%3 Best Game Software How to Design Engaging and Effective Educational Events Winline Делает Разницу! Букмекерская Контора Winline Онлайн Ставки На Спорт Making Corporate Travel Arrangements Business Virtual Data Room Stock Market Tips For Beginners What to Look for in a VDR Provider Why You Need a Secure Data Room Learning in the Digital Age How to Apply For Business Loans VDR and Document Management Performance Management and HR Outsourcing Modern Business Integration How to Choose the Right Board Portal Software for Your Company How to Choose a Data Storage Room Why Startups Use a Data Room for Investors The Best Web Tools for Designers Use Cases For Using VDR Documents Subsidy Programs and Financing Innovative Technologies for Audit What Is Real Estate Management? Investment and Funds Inspiring Teaching Books What Are the Benefits of a Virtual Data Room? Startups and Business Ideas How to Improve Virtual Board Communication The Lego Company History Investing in the Biotech Industry Financial Startup Basics Jogue Por Dinheiro Actual Em Cassino Onlin Virtual Communication Methods for Remote Leaders How to Choose the Best VDR Providers How Successful Online Businesses Succeed How Business Experts Fuel Innovation and Create Competitive Edge The IT World and Business Deal Making Software and How it Can Help Your Business Virtual Data Room Software Types of Steel Materials and Their Uses Board of Directors Software Bonver Casino Cz Hrací Automaty S Bonusem Zdarm Magazyn Żużel Speedway W Polsce I Na Świeci What Is Logistics School? What Is the VDR for Acquisition? The Best Data Room Apps For Startups Best Practices for Creating an Effective Board Meeting Agenda How to Choose the Best Shareholders Online Platforms Ostdeutsche Biersorten Getting a Construction Management Degree How to Select an Online Data Room Provider Start Your Blog Without Investment What to Look for in a Board Room Provider Data Room Comparison – Which Data Room Is Right For Your Business? Zakłady Sportowe Online Autógrafo Bukmacherska 1xbe “Pin-up O Melhor Cassino Do Brasil Web Site Oficial ᐈ Jogar Caça-níquei Rotating Events in Our Time How to Choose the Best Business Software Choosing an Online Payment Processor Due Diligence Software Virtual Data Room Providers for M&A Due Diligence The Best Online Data Room Benefits of a Due Diligence Data Room Best Practices for Data Rooms Types of Corporate Governance What Is Virtual Data Storage? Benefits of Document Distribution Software The Benefits of a Data Room for Startups Effective Project Management Requires a Mix of Technical and People Skills Top 5 Free File Sharing Services Zakłady Sportowe Online Obstawiaj U Bukmachera Gg Be Speed Up Your Business Valuation With a Data Room How to Choose the Best Board Management Software for Business How to Write Effective Board Decision Papers Choosing Board Meeting Software The Benefits of Document Distribution Software Why Startups Need a VDR for Start-Up Virtual Data Room for Ipos and the IPO Process What is a Board Portal? What Industries Use Virtual Data Room? Advantages of a Data Room What Does a Board Room Provider Do? Data Room Analysis for Venture Capital Funding The Importance of Board Reporting Software Safe Uploading and Downloading Business Files How to Select the Best Board Management Software How to Organize the Work of a Company “gerçek Parayla En Iyi Slot Makineleri Ve Spor Bahisler Which is the Best Podcast For Stock Market Beginners? Virtual Data Room Facts How to Protect Confidential Documents for Boards Advantages of Online Meetings Business Issues to Consider When Choosing a Data Room Provider What Is a Data Room? Virtual Board Room Software Due Diligence Risk Factors How to Choose a Reliable Tool for Data Exchange test Users535352253 Board Software and VDR Programs Business Operations Management Software

Technology

This founder split from Elon Musk and is now launching rockets for one-twentieth the cost of SpaceX

A company building tiny rockets is only a few launches away from cracking open a multi-billion dollar market.

Vector Space Systems on Thursday flight tested its Vector-R launch vehicle from Spaceport Camden in Georgia. The FAA-approved launch reached its targeted height of 10,000 feet while carrying a commercial payload which included packages from NASA, Astro Digital and the Center for Applied Technology.

The launch, partially funded by NASA, was a critical step in Vector’s plan to become the top transporter of micro-satellites.

“The money in these vehicles is made in making a lot of them and flying a lot of them,” CEO Jim Cantrell told CNBC.

Cantrell’s company is building the Vector-R rockets to meet demand from companies that can’t foot the bill to ride along with SpaceX or United Launch Alliance but still need to put satellites in orbit.

SpaceX’s Falcon 9 vehicle is considered one of the most discounted in the industry, but its $62 million per launch price tag is still too expensive for a lot of small companies. The Vector-R aims to cost of less than $3 million per launch, one-twentieth the cost of SpaceX.

Cantrell was actually part of the SpaceX founding team, but left in 2002 because his dream differed from Elon Musk’s, who wanted to build rockets large enough to bring cargo to the International Space Station and take humans to the Moon.

“We told Elon in the early days to start with a small vehicle and work your way up. Elon kind of had the argument that this was too small, that there’s no market to it, which was right at the time,” Cantrell said.

With the much lower cost per launch and $31 million in funding led by Sequoia — one of the best-known venture capital firms in Silicon Valley — Cantrell believes the Vector-R will quickly reach its goal of flying more than 100 times per year. Vector is in the final stages of negotiating its first customers.

“We’re negotiating a flight manifest now and we have a number of contracts in place,” Cantrell said. “We’ll announce our first customer in about a month.”

The microsatellite industry is currently worth $2.92 billion, according to research firm MarketsandMarkets, and is expected to grow more than 20 percent annually to be worth more than $7.5 billion in 2022. Potential competitors in the sector include Rocket Lab, who has a launch site in New Zealand, and Virgin Orbit, who will begin testing its LauncherOne vehicle later this year.

Source: Tech CNBC
This founder split from Elon Musk and is now launching rockets for one-twentieth the cost of SpaceX

Comments are closed.