Just now reviewing drone footage of launch. One drone caught an unbelievable sequence - will post shortly pic.twitter.com/mfCj0bNuZU— Jim Cantrell (@jamesncantrell) May 3, 2017
Between government grants and venture funding, the company has raised a little less than $12 million so far to develop its rocket systems, which the company hopes to fly multiple times per week (compared to traditional launch companies, which aim for about a launch per month).
It's working on developing the Vector-R, which launched today and can handle payloads of up to 60kg (about 132 pounds) as well as the Vector-H, which can handle payloads of up to 125kg (about 275.5 pounds). Costs for launch range from $1.5 million to 3.5 million.