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US supplier of rocket launchers, Rocket Lab, closed a $ 140 million Series E financing round. The funding phase was completed last month, prior to the launch of the successful "It's Business Time" mission, led by the existing Future Fund investor, with strong participation from current investors, including Greenspring Associates, Khosla Ventures, Bessemer Venture Partners, DCVC (Data Collective), Promus Ventures and K1W1.
The new ACC investor also contributed to the round. The closing of Series E brings the total funding of Rocket Lab to date to more than 288 million dollars (USD), the company now exceeding its previous balance sheet of one billion dollars (USD).
"It's been a big year for Rocket Lab, with two successful missions in orbit and another on the verge of launching into the platform, but it's even more important for the global small satellite sector that now has A fully commercial and dedicated space system, "said Peter Beck, CEO and founder of Rocket Lab.
"This funding also continues to aggressively scale Electron's production to support our targeted weekly flying rate, and will allow us to create new launch platforms and start work on three new ones." major research and development programs. "
The tour also follows the opening of Rocket Lab's new mass production plant for the Electron vehicle last month, as well as at the announcement confirming the location of the second site. orbital launch of the Rocket Lab.
The construction of Rocket Lab Launch Complex 2, which is based at NASA Wallops Flight Facility's mid-Atlantic regional spaceport in Virginia, USA, has now begun. Launch Complex 2 can support monthly orbital launches from US soil. It is specially designed to meet the responsive space needs of government clients. Between the two Rocket Lab launch complexes, the company can support up to 130 orbital missions per year.
Sven Strohband – Partner and Technical Director, Khosla Ventures, said: "Rocket Lab is a truly remarkable company, and we had the chance to follow Rocket Lab's journey from its initial engine program to its first launch, Plant Scaling Sven Strohband, partner and technical director of Khosla Ventures and a board member of Rocket Lab, said Sven Strohband.
"We are proud to continue supporting Peter and the incredible Rocket Lab team in their drive to open space for all and excited about the next chapter."
Matt Ocko – Managing Partner, DCVC (Data Collective), said, "We had the privilege of leading the previous round of Rocket Lab and we continue to be committed to this great team, in this round and beyond," said Matt Ocko, Managing Partner of DCVC (Data Collective) and a board member of Rocket Lab.
"We've had proof of the transformative cost and the launch frequency of Rocket Lab, just in the number of companies in the new generation of DCVC created by Rocket Lab, not to mention the hundreds of other aligned for this disruptive orbital access capability. "
Mike Collett, Founder and Managing Partner of Promus Ventures, said: "Few companies have been determined to achieve something as big as the Rocket Lab team and have achieved their goal as quickly The exciting part of the story is that there is still a lot to write Promus Ventures has the privilege of being able to support Rocket Lab, its talented global team and platform. "
David Cowan, partner of Bessemer Ventures Partners, said: "We are seeing hundreds of startups prepare to replace billion-dollar mainframes in geosynchronous orbit with constellations of cheaper, faster and more efficient microcomputers," said David Cowan of Bessemer Venture Partners. sits on the board of directors of Rocket Lab.
"Rocket Lab alone now provides the predictable, frequent and affordable launch capability essential to this new ecosystem."
Sir Stephen Tindall, Founder of K1W1, said: "The Rocket Lab team has been a source of inspiration and has proven to be the only small, privately owned, small-scale provider in the world. in New Zealand will continue to increase as launch frequency increases. "
Related Links
Rocket Lab
Rocket Science News on Space-Travel.Com
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Science at dawn: Sound rockets head north
Greenbelt MD (SPX) November 15, 2018
Looking at the night sky of the Norwegian seaside, you know you are in an unusual place. The cold winds cross an open sky, painted by the Northern Lights dance. The space seems almost closer here.
It turns out that it is not so far from the truth.
This special place is known as the Nordic polar cusp. It is one of only two places on Earth where the particles of the Sun have direct access to the Earth's atmosphere – and the well-known laws of Earth physics can … read more
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