Rocket launch in New Zealand brings quick and cheap space access

The rocket dubbed "It's Business Time" took off just before 5 pm local time from a spaceport in New Zealand

Bloomberg  |  San Francisco 

The Indian Space Research Organization intends to send an uncrewed orbiter, lander and rover to the moon in the first half of 2018
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Cheap, quick access to has officially arrived — and in some serious style.

On a late Sunday afternoon in New Zealand, Lab successfully launched its third Dozens of employees gathered at the company’s headquarters in Auckland clad in Lab’s black-and-red colors and let out a series of primordial screams as the rocket took off, flew into and dropped its satellite payload into orbit.

While issues had delayed this launch for months, Sunday’s event went off without a hitch. has now established itself in the lead position of a frenetic, worldwide competition to change the economics and speed at which people can get things into

“It’s game on,” said Peter Beck, the company’s founder and chief executive officer, in an interview outside of Rocket Lab’s mission control in Auckland. “This era has been coming and coming. Well, the small launch race is over. We have proven it can be done.”

The rocket dubbed “It’s Business Time” took off just before 5 pm local time from a spaceport in

It carried six satellites into low earth orbit. Two of them belonged to the start-up Spire and will be used to track ships, planes and weather in remote parts of the world, while Tyvak Nano-Satellite System also put up a weather satellite.

First Published: Mon, November 12 2018. 01:00 IST