Vector Launch, Inc. (formerly Vector Space Systems) is an American space technology company which aims to launch suborbital and orbital payloads. Vector Launch declared bankruptcy in December 2019 and re-emerged in October 2020. The company's first CEO was Jim Cantrell, who co-founded the company with John Garvey, Shaun Coleman, Ken Sunshine, and Eric Besnard. Cantrell had previously helped Elon Musk found SpaceX in 2001. Vector Launch, Inc. received US$1 million in seed angel funding from entrepreneur Shaun Coleman soon after its foundation in 2016 and additionally US$21 million million from Sequoia Capital, Shasta Ventures and Lightspeed Venture Partners in June 2017. It had offices in Tucson, Arizona, and an engineering facility in Huntington Beach, California. In July 2016, Vector acquired Garvey Spacecraft, and began designing rockets based on Garvey's designs. The company was also investing in software capabilities. It had a platform called Galactic Sky, located in San Jose, California, which was developing software-defined satellites to provide start-ups and entrepreneurs with satellite capabilities. In 2017, Cantrell signed a letter of intent to collaborate with his son's cryptocurrency company, called Nexus, that was attempting to develop a satellite-supported currency exchange system. In 2016 York Space Systems signed a $60 million launch deal with Vector, to launch six satellites into orbit, which was never funded. More information...
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