Jeff Foust — Vector, a company developing the Vector-R small launch vehicle, carried out what it said was a second successful low-altitude test flight of the rocket from a Georgia site Aug. 3. The Vector-R rocket lifted off from future site of Spaceport Camden in Camden County, Georgia, near the Atlantic coast, at about 12:25 p.m. Eastern. The launch, designated B.002 by the company, is the second in a series of several test flights planned for the Vector-R. The company did not immediately release details about the flight, but declared the launch a success in social media posts immediately after the brief flight. The Series H round gives SpaceX a valuation of $21.2 billion, making it one of the most valuable privately-held companies. That valuation is a 75 percent increase over the company's value from its last funding round, a $1 billion investment led by Google and Fidelity in January 2015 that valued SpaceX at $12 billion. |
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