Rocket Lab has announced a completed $$75 millionm funding round led by Data Collective (DCVC) to fund its Electron rocket, which is around a third the size of SpaceX and Arianespace rockets and has 3D-printed engines. DCVC is an investor in several space start-ups, and claims to be investing in Rocket Lab in order to solve frustrating bottlenecks in satellite launch schedules. Rocket Lab intends to build its engines and guidance systems in California and its outer shells in New Zealand, where final assembly and launch will occur. The first rocket is expected to fly this year following a year of ground testing.
Rocket Lab has announced a completed $75m funding round led by Data Collective (DCVC) to fund its Electron rocket, which is around a third the size of SpaceX and Arianespace rockets and has 3D-printed engines. DCVC is an investor in several space start-ups, and claims to be investing in Rocket Lab in order to solve frustrating bottlenecks in satellite launch schedules. Rocket Lab intends to build its engines and guidance systems in California and its outer shells in New Zealand, where final assembly and launch will occur. The first rocket is expected to fly this year following a year of ground testing.