financetom
Business
financetom
/
Business
/
Elon Musk may eye Mars, but for New Zealand rocket man Peter Beck it's Mission Venus
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Elon Musk may eye Mars, but for New Zealand rocket man Peter Beck it's Mission Venus
Aug 10, 2021 10:00 AM

Peter Beck may not be a household name like Elon Musk, but the New Zealander has ambitions just as big. Beck is the founder and CEO of Rocket Lab, a major player in the evolving private space industry.

“I was always frustrated that I wasn’t born during the Apollo era, because it’s easy to look at that time period and think that was the time to be in the space industry,” Beck told Al Jazeera. “But, really, now is the time to be alive in the space industry.”

Rocket Lab was founded in 2006 in New Zealand, a country which lacks its own space programme. But the company’s first rocket was only made years later. The rocket, named Electron, has now undertaken 21 flights and become one of the most prolific rocket models out there.

Rocket Lab is designing its rockets not just for lunar missions like the upcoming CAPSTONE mission, but also interplanetary ones.

“I’m strangely attracted to the most difficult things,” Beck said. “When we arrived at the point where we thought we could build a spacecraft that could go and do independent science, we decided it was time to venture out into the solar system.”

“When we were developing this spacecraft to go to the Moon we thought if we’re developing it to go to the Moon, then let’s develop it to go anywhere,” he added.

While Elon Musk and SpaceX have set their sights on Mars, Rocket Lab is looking in the other direction. It is aspiring to land on Venus instead. The company will try to be the first private company to send a spacecraft to Earth’s sister planet.

“It’s incredibly lucky that I’ve arrived at a point where I have a spacecraft to do just that,” he said. “Venus is an incredibly interesting target, and one of the closest planets to Earth that could support life.”

“So we’re going to go and hunt around to see if we can find signs of life in the clouds of Venus,” he added.

(Edited by : Shoma Bhattacharjee)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Update: KKR Receives European Commission's Approval for NetCo Acquisition
Update: KKR Receives European Commission's Approval for NetCo Acquisition
May 30, 2024
12:19 PM EDT, 05/30/2024 (MT Newswires) -- (Updates with additional details in the third paragraph and MT Newswires' attempt for comment in the last paragraph) KKR (KKR) received unconditional approval from the European Commission for its acquisition of NetCo, which includes primary and backbone fixed-line network business of Telecom Italia and FiberCop, the regulator said Thursday. The transaction will not...
Sweet & Sour Quarter: SpartanNash Beats Q1 Profits But Lowers FY24 Sales Forecast
Sweet & Sour Quarter: SpartanNash Beats Q1 Profits But Lowers FY24 Sales Forecast
May 30, 2024
SpartanNash Company ( SPTN ) shares are trading lower after the company reported first-quarter FY24 results. Revenue declined 3.5% Y/Y to $2.81 billion, missing the consensus of $2.854 billion, reflecting lower volumes in the Wholesale and Retail segments. Retail comparable store sales were down 2.5% in the quarter. Adjusted EBITDA declined to $74.9 million from $76.8 million a year ago. Adjusted EPS of $0.53 beat...
CULT Food Science Provides Update On Global Investment Portfolio
CULT Food Science Provides Update On Global Investment Portfolio
May 30, 2024
12:24 PM EDT, 05/30/2024 (MT Newswires) -- CULT Food Science ( CULTF ) on Thursday reported on its global investment portfolio. CULT has invested in 19 cellular agriculture companies, including Opalia Foods, Eat Just, California Cultured and Melibio. The company invested over $3.5 million into a global portfolio of 19 cellular agriculture and lab grown meat startups, as regulatory approvals...
Oscar Health Upside Overshadowed By Election, Affordable Care Act Uncertainty, BofA Says
Oscar Health Upside Overshadowed By Election, Affordable Care Act Uncertainty, BofA Says
May 30, 2024
12:27 PM EDT, 05/30/2024 (MT Newswires) -- Oscar Health's ( OSCR ) near-term upside could be limited given the upcoming election and lack of clarity on the Affordable Care Act subsidy, BofA Securities said in a note Thursday. Analysts, including Adam Ron, said that as the election approaches, uncertainty surrounding exchange subsidies, introduced under Biden and set to end Jan....
Copyright 2023-2026 - www.financetom.com All Rights Reserved