Rocket Lab, a California-based company, has chosen the Virginia Space and the MidAtlantic Regional Spaceport as its first launch facility in the United States.
Virginia’s claim to be one of the nation’s major “gateways to space” was reinforced with the announcement that Rocket Lab will build a launch complex at the MARS spaceport and support facilities in Wallops Research Park.
Rocket Lab’s Founder and CEO Peter Beck said, “Space, like business, is all about time and money.”
From Rocket Lab’s website, Beck claims they will be able to put a 500 pound payload into space quickly and cheaply with their new Electron rocket. “Launching as often as you would like at $4.9 million dollars, that is a 95% reduction in cost over the average launch of today.”
First launch could be as early as the summer of 2019.