Space startup Rocket Lab is taking on Elon Musk's SpaceX with a huge new reusable rocket called Neutron that could be used to transport humans to space. Rocket Lab will use its new position and a $740 million cash balance to develop the new 8-Ton Neutron rocket that can launch mega-constellations of satellites. AdvertisementFounded in 2006, since its inception Rocket Lab has deployed 97 satellites for governments and private companies using the partially reusable Electron rocket. Alex Slusky, CEO of Vector and Founder & Chief Investment Officer of Vector Capital, described Rocket Lab as a 'once-in-a-generation company'. 'Rocket Lab is ideally positioned to continue to capture market share in the rapidly expanding space launch, systems and applications markets.

Source: Daily Mail March 02, 2021 15:39 UTC