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sounding rockets or orbital vehicles ,” said Beck in an interview given earlier this year .
In 2006 . when Rocket Lab was formed , fewer than 20 small-scale launch cubesats made it to space . By 2014 , the number of small commercial satellites grew to over 120 and demand continues to escalate year-over-year . The global market has taken interest . From a $ 6.9mn NASA contract in 2014 , Rocket Lab successfully secured $ 75mn in venture capital funding last year , from Data Collective , Promus Ventures and existing investors Bessemer Venture Partners , Khosla Ventures and K1W1 , according to Reuters .
Peter Beck said in a statement that the company will use the money to increase its manufacturing capacity for its small launch vehicle , the Electron . Made in both Auckland and California , the 150kg booster rocket features a 3D-printed engine module and electric motor systems . The module , Beck
64 April 2018