Rocket Lab spent fraction of Virgin Orbit's $1 billion to reach space - Business Insider

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Richard Branson says Virgin Orbit has spent $1 billion trying to get to space. The CEO of startup Rocket Lab says it needed a fraction of that to reach orbit.

it "is an unprecedented amount of money for a company to spend on a small, privately developed rocket. To recoup that investment would require literally hundreds and hundreds of LauncherOne missions.", the CEO and CTO of Rocket Lab — a competing small-launch company based out of New Zealand — who said his outfit spent a fraction of that $1 billion to get to orbit.One of Rocket Lab's carbon-fiber Electron launch vehicles lifts off from New Zealand.

When Twitter users began discussing Rocket Lab's development costs in the context of Virgin Orbit's, Beck jumped into the discussion.

 

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Their competitiveness lies in the fact that you launch your satellite from anywhere in the world!

Companies that have gone into space for less cost use rocket engines of traditional architecture. Engines like the Virgin's are more difficult to design. The Rocket Lab could not use its technology to launch its rocket from an airplane. This new technology ...

good

Space travel, getting there & returning is dangerous & not easy. Why did Branson ever boast about it? Is he that naive?

Not an objective assessment of the comment. Looks like ordering bears.

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