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Peter Beck's Rocket Lab into New Zealand space business

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Tinuku ~ Rocket Lab has been preparing into commercial rocket market to sending satellites into orbit. The company was founded by Peter Beck of New Zealand soon to enter the ranks of the space program elite who last week received official approval to conduct three tests of eletron rocket launch on the South Pacific country peninsula.

Tinuku Peter Beck's Rocket Lab into New Zealand space business

Tinuku.com Peter Beck's Rocket Lab into New Zealand space business

Rocket Lab hopes to fill the launch segment of small devices such as nano satellites into low Earth orbit. Satellites will be used for everything from agriculture, mapping, weather to internet service provision.

"Space is always fascination for me, not many people go out at night to see a beautiful stars," Beck said.

The first commercial launch is expected later this year and finally launches a rocket every week. The engineers built lightweight rockets for low cost services, this segment is different from Elon Musk's SpaceX who uses large rockets to carry heavy payloads.

If Rocket Lab succeeds it will change people's perception of New Zealand from farms and beautiful scenery into a high-tech country. The space industry generates hundreds of millions of dollars each year with wine, kiwi fruit and cow's milk.

"Only superpower has gone into space, which is very impressive to us," said Simon Bridges, New Zealand's economy minister.

The electron rocket carries a load of only about 150 kilograms. The tube is made of carbon fiber and uses an electric machine. The company says each launch costs just US$5 million. The rocket is for single use.

www.Tinuku.com Peter Beck's Rocket Lab into New Zealand space business

Tinuku Peter Beck's Rocket Lab into New Zealand space business

That is also a different type of business with the SpaceX program that built a large and expensive rocket but can be used many times completely because it is capable of carrying heavy loads into space and landed smoothly on land.

Beck founded Rocket Lab as a private company and has received approximately $ 150 million in venture capital funding plus from Silicon Valley-based Bessemer Venture Partners who do not want to announce the sum of their money for the project.

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