First Glimpse of Historic Rocket Set to Launch Australia into the Space Age
Gold Coast-based company Gilmour Space has released the first images of a historic Australian-built rocket, named Eris, ahead of its maiden orbital launch later this year. The rocket, weighing over 30 tonnes and measuring 25 meters, has been fully assembled and is designed to carry satellites into space. It has been in production since Gilmour's rocket program began in 2015.
Rehearsal Launch and Approvals
Gilmour Space is currently preparing for the first rehearsal launch, which is scheduled to take place in the north Queensland town of Bowen. According to co-founder and chief executive, Adam Gilmour, if the rehearsal launch goes well, the company will be ready for the official launch. The only thing they are waiting for is approvals from the Australian Space Agency, which they expect to receive soon.
Australia's Entry into the Space Age
Mr. Gilmour and his team are working towards an official launch in April, which will mark the first time a locally made rocket lifts off from Australian soil. The success of the launch will bring Australia into the space age. However, Mr. Gilmour acknowledges the challenges that come with the first rocket launch and hopes that everything goes smoothly along the way.
Major Boost from Investors
The project has received a significant boost after raising $55 million from investors, including Queensland Investment Corporation, Hostplus, and HESTA. This investment will allow the team to make at least four launch attempts, although the first trials may not reach orbit. Mr. Gilmour emphasizes the importance of cost consciousness in the rocket industry and believes that this funding will provide a buffer to continue operations for at least two years.
Nerves Ahead of Launch
As the anticipated launch date approaches, Mr. Gilmour admits that nerves are creeping in. Seeing the rocket come together last week made him realize that this is now a reality. There is no more time to delay or postpone. The team is determined to overcome any challenges and successfully launch the rocket, taking Australia one step closer to the future of space exploration.
Analyst comment
Positive news: First glimpse of historic rocket set to launch Australia into the space age. The rocket, named Eris, has been fully assembled and is a month away from its first rehearsal launch. If successful, it will be the first locally made rocket to lift-off from Australian soil. The project has received a major boost with a $55 million investment. The team expects to make at least four launch attempts, bringing Australia into the space age. Analyst assessment: The market is likely to be positively influenced by the successful launch of the rocket, potentially leading to increased investments and opportunities in the Australian space industry.
