Sagittarius Logistics Raises $1.2M to Build Inland Rocket Launch Capabilities

At a glance

Colorado startup Sagittarius Logistics raised $1.2M in a pre-seed funding round. The money will go toward developing reusable rockets, which can be flown more than once. The company aims to launch from inland sites instead of coastal ones.

Key points

1. 1

   The startup was founded last year by former employees of Masten Space Systems, which went bankrupt in 2022.

2. 2

   Coastal launch sites are crowded, so the company wants its own inland sites to schedule launches faster.

3. 3

   Its rockets are designed so the first and second stages can land safely if a flight is aborted mid-air.

4. 4

   The company plans three rockets and says bringing them to market will take over $1 billion.

Why it matters

If a new launch approach works, it could change how rockets get access to space, especially where launch slots are scarce.