Virgin Galactic has officially unveiled a low-cost, small satellite launch system that builds on elements of its space tourism development. The LauncherOne system will deliver payloads up to 500 lb. to low Earth orbit, and with a target price of under $10 million per launch, is aimed at dramatically cutting the cost of launching small satellites. Backed by Virgin Galactic’s partner Aabar Investments, the development of the “new vehicle will create a long-awaited shake-up of the ...

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