Vector’s launch business in peril after ‘major change in financing’

Small satellite launch startup Vector has indefinitely shut down operations “in response a major change in financing,” the company confirmed. Co-founder and CEO Jim Cantrell has also been cut loose as part of the upset. The news comes as a surprise to the space startup community, and apparently to its employees. The company lined up $70 million in funding late last year, and recently was announced as a qualified contestant in DARPA’s Launch Challenge.

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