Vector Space Systems, a Micro Satellite space launch enterprise comprised of new-space industry veterans from SpaceX, Virgin Galactic, McDonnell Douglas and Sea Launch, today announced it has secured more than $1M in angel funding at Space 2.0 in Silicon Valley. Vector Space Systems, which sports a roster of technology and aerospace giants to provide industry insight, expertise and leadership, was formed to fundamentally change the dynamics and economics of the space launch industry.
Fundamentally changing the economics of the space launch industry IS the key to long term success. These guys should be interesting to watch.
Doug at Parabolicarc has the details that we know so far.