• The Electron rocket isn't using rocket fuel gas generators -- instead, it will use high-performance electric motors and lithium batteries. But it should still be able to generate 4600lbs of thrust, according to the company, which would be enough to take small satellites up to orbit. Electron is a three stage rocket.
  • The hope is that a battery-powered rocket will be able to launch a satellite for $6.6 million, which is significantly less costly than current options. Part of the reason the cost can get so low is that Rocket Lab is extensively using 3D printing to produce parts for the Electron out of materials such as titanium.
  • Rocket Lab has backing from some of Silicon Valley's most notable investors, including Khosla Partners, as well as support from aerospace giants, like Lockheed. Pay attention to this firm -- if SpaceX isn't the "Tesla of rockets," Rocket Lab could assume the mantle.

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