Lockheed Martin is looking to buy some of Vector’s assets after the Kanematsu-backed microsatellite launch services provider filed for bankruptcy.
Vector, a US-based microsatellite launch technology developer backed by diversified conglomerate Kanematsu, has filed for bankruptcy, according to Reuters.
News about of the company’s struggles first emerged in August this year, when Vector wound down indefinitely due to a “major change in financing,” the details of which were not clarified further.
Founded in 2016, Vector was developing microsatellite launch systems that were expected to carry payloads of 60 to 290 kilograms. It was considering options to finish development of…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
