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Capitalism in space: The smallsat rocket company Vector has obtained $21 million in new funding, making it possible for it to accelerate its test rocket schedule.
With this most recent round of funding, Vector will accelerate the company’s upcoming flight test series and launch orbital customer missions in early 2018. Vector’s next launch is planned for Summer 2017, making it the first launch ever from the historic Spaceport Camden in Georgia, where NASA tested rocket engines in the 1960s. In addition to flight test launch activities, Vector plans to develop its first GalacticSky satellites and break ground on a world-class rocket factory in Pima County, Arizona.
It seems that the smallsat market is going to get very crowded in the next few years. As much as I am in favor of this, we must also recognize that it is likely that the market will not be able to support all the companies now pushing to grab that business. Some are going to fail, though I have no idea at this point which companies that will be.
Not that this is a bad thing. Competition requires many companies. It also requires failure, balanced with much success.