Electronic enthusiasts eight o'clock: According to foreign media reports, this Thursday, a space company called Vector Space Systems tested the Vector-R rocket at the Camden launch site in Georgia. The rocket successfully flew to a height of 10,000 feet. . In addition, the founder of the company, Jim Cantrell, has also come a long way. He was previously an executive at SpaceX.
It is reported that the launch is mainly funded by NASA, which is an important step for Vector Space Systems to become a top microsatellite launcher.
The company's CEO Jim Cantrell said: "With the cost down, the money spent on this rocket can build multiple rockets and perform multiple launch missions in the future."
Cantrell's company does not compete positively with SpaceX or the United Launch Alliance, which targets customers who require satellite launches but have limited budgets.
Although SpaceX's Falcon 9 rocket is already an affordable choice for satellite launches in the industry, its $62 million launch cost is still too high for small companies, and Cantrell's Vector-R rocket is ready to direct the price tag. It fell to $3 million, only one-twentieth of the SpaceX launch cost.
Cantrell was involved in the creation of SpaceX, but in 2002 he chose to leave because of Musk's disagreement (Muske prefers the big rocket).
"We told Musk that I should start with a small rocket, but he felt that the rocket market demand was not good. At the time, this view was true," Cantrell said.
However, the time shift is easy. After getting a $31 million investment from venture capital firm Sequoia, Cantrell believes that Vector-R can quickly win the support of small customers. He will target the launch 100 times a year.
“We are negotiating with a number of customers and waiting for the contract to be signed,†Cantrell said. "A month later, we will announce the first user of Vector."
Now, the microsatellite market is growing. Market research firm MarketsandMarkets estimates that the industry has reached $2.92 billion, and its average growth rate is as high as 20% in the future. By 2022, the scale can be expanded to $7.5 billion. However, Vector can not enjoy this market alone, Rocket Lab and Virgin Orbit will become its strong competitors.
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