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Vector Launch

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Micro satellite launch services

Huntington Beach, United StatesFounded 2016Space
Valuation $250–500M Last recorded · 2018
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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About Vector Launch

Vector Launch, formerly known as Vector Space Systems, was established in March 2016 by a team of experienced aerospace professionals including Jim Cantrell, John Garvey, Shaun Coleman, Ken Sunshine, and Eric Besnard. Cantrell, the initial CEO, brought significant industry credibility, having been part of the founding team at SpaceX and involved with several other space startups. The company's formation was bolstered by the acquisition of Garvey Spacecraft in July 2016, integrating its work on small launch vehicle concepts.

The firm's core business is providing launch services for the burgeoning small satellite market, targeting both commercial and government clients. Its business model revolves around developing comparatively low-cost, rapid-cadence launch vehicles to deploy microsatellites and CubeSats into low-Earth orbit. This strategy was designed to eliminate the need for small satellite operators to piggyback on larger, more expensive launches, thereby offering them more direct and frequent access to space. Revenue was to be generated per launch, with initial prices projected at around $1.5 million to $3 million.

Vector's primary products were the Vector-R (Rapid) and the larger Vector-H (Heavy) rockets. The Vector-R was designed to carry payloads of up to 60 kg, while the Vector-H targeted payloads up to 290 kg. Key design features included carbon composite structures, 3D-printed engine injectors developed with NASA's assistance, and the use of a liquid oxygen and propylene propellant combination. The company also developed a software-defined satellite operating system called GalacticSky, intended to allow customers to test satellite applications without needing their own hardware.

Despite initial successes, including suborbital test flights in 2017 and securing significant venture capital from investors like Sequoia Capital, the company faced severe financial difficulties. In August 2019, operations were paused, Cantrell departed as CEO, and the company ultimately filed for Chapter 11 bankruptcy in December 2019 after a key funding round fell through. Following the bankruptcy, Vector's satellite software assets, GalacticSky, were acquired by Lockheed Martin. The company re-emerged from bankruptcy in October 2020, aiming to refocus on suborbital and orbital flights for national security and commercial sectors. Recent developments in 2023 include a partnership with Ursa Major to supply 'Hadley' engines for the Vector-R launch vehicles, signaling a continued effort to advance its launch capabilities for national security missions.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2016
Headquarters
Huntington Beach, United States
Employees
24
Open positions
None listed
Dealroom signal
60.6/100
Industry
Space
Sector
Space, Aerospace, Space Tech, Launch Vehicles, Space Transportation, Space Upstream, Hard Tech, DT and LS, science-based
Technology
Deep Tech
Client focus
b2b

Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VCOther financing Nov 2020 $0 — Undisclosed —
SERIES BOther financing Oct 2018 $70M $280M Lightspeed Venture Partners · Sequoia · Shasta Ventures · Morgan Stanley Alternative Investment Partners —
Showing the latest 2 of 10 recorded eventsBook a demo for the full funding history →

Growth signals

Vector Launch website traffic

Latest recorded traffic for Vector Launch is 330 monthly website visits, down 58.2% over the last three months. Vector Launch's team grew 0% over the past year.

Latest monthly visits330 3-month web change-58.2% 1-year team growth0%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

20 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed8 investors entered at this stage

  • Space Angels
  • Shaun Coleman
  • Matthew Conover
  • DARPA
  • NASA Ames Research Center
  • Space Capital
  • #Angels
  • NASA Reduced Gravity Student Flight Opportunities Program

Series A11 investors entered at this stage

Series B and later1 investor entered at this stage

  • Desert Angels
Team profiled 20 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Huntington Beach HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Vector Launch on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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