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Commercial and US Government Launch Vehicles => Rocket Lab => Topic started by: Mardlamock on 11/15/2018 03:47 pm

Title: Rocket Lab raises $140 million Series E
Post by: Mardlamock on 11/15/2018 03:47 pm

Following Vector's 70 Mil round, and It's Business Time's launch, rocketlab announces new funding.

http://www.rocketlabusa.com/news/updates/rocket-lab-announces-140-million-in-new-funding/

Seems like they are aiming to increase launch cadence very aggressively...

One thing that caught my attention is the fact that they aim to use the resources for 3 major R&D projects.

In space servicing with their Curie 3rd stage?

Cheers,

Title: Re: Rocket Lab raises $140 million Series E
Post by: TrevorMonty on 11/15/2018 05:17 pm

Quote from: Mardlamock on 11/15/2018 03:47 pm

Following Vector's 70 Mil round, and It's Business Time's launch, rocketlab announces new funding.

http://www.rocketlabusa.com/news/updates/rocket-lab-announces-140-million-in-new-funding/

Seems like they are aiming to increase launch cadence very aggressively...

One thing that caught my attention is the fact that they aim to use the resources for 3 major R&D projects.

In space servicing with their Curie 3rd stage?

Cheers,

Those three R&D projects are interesting. I think Mardlamock is right in regards to some type of in space vehicle.

Lowering launch and production costs will be other priorities. Manpower is still one of their biggest costs, automating launch and production will increase productivity of their staff. If RL can lower launch price to $3m or less then they can compete with Firefly and Relativity new 1000-1250kg $10m class LVs.

Title: Re: Rocket Lab raises $140 million Series E
Post by: RDMM2081 on 11/15/2018 08:25 pm

Interesting to note from the link (http://www.rocketlabusa.com/news/updates/rocket-lab-announces-140-million-in-new-funding/) that the funding:

Quote

closed in advance of the company’s second successful orbital mission

Must be very confident investors!

Title: Re: Rocket Lab raises $140 million Series E
Post by: Mardlamock on 11/15/2018 08:38 pm

Quote from: RDMM2081 on 11/15/2018 08:25 pm

Interesting to note from the link (http://www.rocketlabusa.com/news/updates/rocket-lab-announces-140-million-in-new-funding/) that the funding:

Quote

closed in advance of the company’s second successful orbital mission

Must be very confident investors!

Smart people usually raise just before a big milestone  ;). Their investors have been with them for a while now, and they seem to back them fully with each round.