Backed by Samsung, South Korean startup Perigee aims for 2020 maiden launch
WASHINGTON —
A little-known Korean startup backed by Samsung is preparing to launch a small orbital rocket in July.
Perigee Aerospace of Daejeon, South Korea,
has raised around $12 million from Samsung Venture Investments, LB Investment and others to develop
Blue Whale 1, a small launcher capable of carrying 50 kilograms to a 500-kilometer sun-synchronous orbit, CEO Yoon Shin said in an interview.
Shin
said Perigee Aerospace has had sufficient funding to develop the very small rocket, allowing the company to operate in stealth mode until getting within a year of launch.
SpaceNews.com
https://spacenews.com/backed-by-samsung-south-korean-startup-perigee-aims-for-2020-maiden-launch/