Vector's goal is to make a $1.5 million rocket that can carry small satellites into orbit. "We are making the rockets as simple as they can be made, building them like sausages and launching by the hundreds. Garvey had long fantasized about making very small, very cheap rockets and maintained a workshop to pursue his designs. Several rocket-launch companies have appeared in the U.S. and overseas to serve as ferries for small satellites. The price per pound on the large rockets from SpaceX and others is still more economical.

Source: Economic Times June 30, 2017 04:07 UTC