Electron’s maiden launch occurred last May, when both stages operated well but the test flight failed to reach orbit. The mission was terminated early because of a snafu with ground systems.
Backers of the closely held US-New Zealand company, which include Lockheed Martin Corp. , see it promoting a revolution for researchers, entrepreneurs and fledgling commercial projects operating beyond the atmosphere. The 10-year-old company seeks to usher in an era of weekly—or ultimately even more frequent—launches of imaging, weather and other types of low-earth-orbit satellites weighing dozens of pounds to hundreds of pounds each. The projected price tag is about $5 million a launch.