SpaceX competitor Vector raises $70 million to build more rockets

October 22, 2018

Space company Vector today announced it has raised a $70 million funding round to build the Vector R and Vector H rockets. Vector focuses on the use of smaller rockets to put microsatellites in orbit and make deliveries. Vector plans to launch its first rocket later this year in Kodiak, Alaska and complete 12 Vector R flights in 2019, cofounder Jim Cantrell told VentureBeat in a phone interview.

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