The rocket company that aims to undercut SpaceX on cost will launch 3 missions from Virginia in 2018

Rocket company Vector will conduct three commercial missions from Virginia Space’s Mid-Atlantic Regional Spaceport at NASA’s Wallops launch center.

This is the first orbital contract with a spaceport for Vector, the next major step toward the company’s goal of launching more than 100 times per year, chief executive Jim Cantrell told CNBC in an exclusive interview.

“These will go all the way into orbit with satellites onboard,” Cantrell said. “We need to break the classic handcuffs on the costs of launching, and that requires people thinking differently.”

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