Space startups team up in $60 million launch deal

October 17, 2016

A Denver startup company that makes small satellites has signed a $60 million launch agreement with a new rocket company to get six satellite missions to orbit by 2022.

York Space Systems will be the first payload aboard a rocket made by Tucson-based Vector Space Systems, a company founded by veterans of SpaceX and other space businesses and that’s developing small, affordable rockets for the growing market of small satellites.

The launch contract with Vector covers six launches between 2019 and 2022 and can be extended to add 14 more missions, the companies said.

Vector is among a small number of rocket startups catering to makers of satellites that are far smaller than what aerospace companies have traditionally made.

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