Gold Coast rocket company gets green light for first launch

According to The Australian Financial Review, Gold Coast rocket company Gilmour Space has secured long-awaited approval to launch its Australian-made rocket into space after a two-year battle with the regulator that caused doubts among its investors and future customers over the start-up’s future.
The company, which is backed by venture capital firm Blackbird Ventures and superannuation giant HostPlus, is attempting to launch a low-cost rocket into orbit from a space station outside the northern Queensland town of Bowen.
Gilmour Space is valued at $605 million and represents Australia’s most promising chance to own a piece of the space market, delivering satellites and other hardware in competition with Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin, but it has been hit by delays in attaining regulatory approval to conduct its first launch.

https://www.afr.com/technology/gold-coast-rocket-company-gets-green-light-for-first-launch-20241103-p5kni0
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