A company called Rocket Lab is about to change space travel forever. Routinely taking satellites to orbit for $5 million will be a game changer! A space launch everyday in the near future? What do you think?

US Aerospace company Rocket Lab is developing a world-first launch vehicle to deliver satellites into orbit cheaper and faster than ever before.

Rocket Lab announced today its plan to revolutionize the global space industry with the creation of Electron, a lightweight, cost-effective rocket, making it easier for companies to launch small satellites into orbit.

Rocket Lab is building the world’s first carbon-composite launch vehicle at its Auckland, New Zealand facility. The development of Electron will reduce the price of delivering a satellite into orbit. At a cost of less than $5 million dollars, this represents a drastic cost reduction compared to existing dedicated launch services. – Rocket Lab

Featured image of Rocket Labs Launch Complex 1 on the Mahia Peninsula, Hawke’s Bay, New Zealand. Rodney Allen [CC BY-SA 2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons