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The increased funds bodes well for the company, but I am becoming increasingly concerned the company is more sizzle than steak. From the article:
With this round of funding, Vector plans to expand its sales and marketing teams. And the goal is to double its footprint in Silicon Valley. Vector is also expecting to break ground on a new state-of-the-art factory in Tucson. And Vector is advancing towards a first orbital attempt set to take place from the Pacific Spaceport Complex-Alaska soon.
Their original plan was to complete five test launches leading up to their first orbital try. Only two of those launches have flown, and it appears they are aiming to make the third launch orbital, with no clear schedule indicated. More significantly, it appears that they are not using the additional money for rocket development but for “sales and marketing.” Shouldn’t that come after the rocket is operational?