Monday, August 12, 2019

Vector Launch Suspends Operations, Loses CEO

Vector Launch, a small satellite launch firm founded in Huntington Beach by ex-SpaceX employees, has "suspended operations" and lost its CEO, as part of what the company called a "major change in financing". The company--now headquartered in Tucson, Arizona--had been developing small satellite launch rockets. The company had continued to maintain a engineering facility in Huntington Beach. The company had most recently announced $70M in a Series B funding from Kodem Growth Partners, Morgan Stanley Alternative Investment Partners, Sequoia, Lightspeed Venture Partners and Shasta Ventures.