Tucson.com reports about Jim Cantrell’s new launch company, Phantom Space. He formed the company after leaving the position of CEO of Vector, a launch company that went bankrupt.
Cantrell, who was an early member of Elon Musk’s SpaceX team, said he was convinced to start another satellite tech company by Michael D’Angelo, a former colleague at Vector, after the pair figured they could use the many lessons they took from Vector.
The pair co-founded Phantom Space with Michal Prywata, a biotech business executive who is investor and chief strategy officer for Phantom.
Cantrell said Phantom is taking a broader view of the still-evolving New Space industry, which has been driven by the rapid development of tiny satellites for research and communications.
Rather than create a vertically integrated company that builds everything from the ground up, Phantom is using existing technologies — notably including proven, off-the-shelf engines for its launch vehicles — and integrating them into systems to serve its customers…
After setting up a small shop on East Speedway, Phantom is in the process of building four launch vehicles and hopes to launch its first orbital flight in about two years, skipping suborbital test flights, Cantrell said.