Kanematsu-backed microsatellite launch company Vector has halted operations indefinitely after a major change in financing, less than a year after lining up $70m in series B capital.
Vector, a US-based microsatellite launch services provider backed by diversified conglomerate Kanematsu, wound down indefinitely on Friday due to a “major change in financing”.
Founded in 2016, Vector was working on rockets designed to launch microsatellites into orbit. Its first launch vehicle, Vector-R, was expected to carry a satellite weighing up to 60 kilograms, while a second, Vector-H, would be capable of handling a 290-kilogram payload.
The company has also established a software-defined satellite unit called GalacticSky. It has secured…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
