Monday, August 12, 2019

Vector Launch Suspends Operations, Loses CEO

Tucson, Arizona-based Vector Launch, a small satellite launch startup, has suspended operations and lost its CEO, as part of what the company called a "major change in financing". According to the company, its CEO, Jim Cantrell, is "no longer part of the company". The company had most recently announced $70M in a Series B funding from Kodem Growth Partners, Morgan Stanley Alternative Investment Partners, Sequoia, Lightspeed Venture Partners and Shasta Ventures. Vector was founded in 2016.