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The competition heats up: A New Zealand company says it is building a rocket capable of launching cubesats into orbit for only $5 million.
Rocket Lab says it is building a carbon-composited launch vehicle –named Electron—which will send small satellites into earth’s orbit for five million U.S. dollars. The U.S. company, which is building the vehicle in New Zealand, expects the first to be ready next year and already has committed to its first 30 launch slots.
Though their low cost will once again increase the space launch customer base, they are not really in competition with any of the big players, who don’t really make their money launching cubesats. Instead, by focusing on the cubesat market, Rocket Lab is aimed at providing launch services to a niche that has, up until now, had no real launch services. If a university or small company wanted to launch a cubesat., they had to piggyback on a large launch.