Los Angeles aerospace firm Rocket Lab USA aims to become the first commercial company to build a satellite launch site in New Zealand, the Los Angeles Times reports. Rocket Lab plans to build near Christchurch and hopes to keep costs low by focusing on the increasingly popular smaller satellites. It is attracting such investors as defense contractor Lockheed Martin, Bessemer Venture Partners and Khosla Ventures.

For reprint and licensing requests for this article, CLICK HERE.