New Zealand has joined the club of nations capable of launching spacecraft, with the succesful launch of Rocket Lab's Electron rocket.
The Electron Rocket is innovative in more than one way.
For one, it's motor's turbopumps are driven by electric motors, making them cheaper and more reliable than combustion engines.
Also, parts of the engine are made by 3D printing, further reducing costs.
But what's really special about the rocket is it's size. It's only 17 meters high, and 1m in diameter, much much smaller than the giants used by NASA, ESA, United Launch Alliance and SpaceX.
For comparison, NASA's current rocket in development, the SLS, which is supposed to be capable of bringing astronauts to Mars, is 64 meters high.
The big downside of large size, is cost. Telecommunications sattelites orbiting at 36000 km above the earth are big, and heavy. They need big and heavy rockets to bring them up to their orbit, with enormous launch costs. The expected cost of launching an SLS is one billion dollars, and even the 'cheap' commercial SpaceX charges 100 million for a single journey to geostationary orbit.
Electron will be able to bring sattelites up for a mere 5 million, albeit it smaller satellites, and in a lower orbit.
Improvements in electonic miniaturization enables those lower orbt satellites to do much of the tasks the old high orbit satellites can do.
This is one of the reasons that Facebook, OneWeb, SpaceX and others have shown interest in using them to create a worldwide wireless network. A few hundred would be needed to provide global coverage.
Now a few hundred SpaceX rockets are just plain unaffordable. A few hundred rockets like Electron however, and things become feasible.
Rocket Lab has high ambition. They want to start launching 100 rockets per year, one every 3 days. They claim their flights have been already booked full until the end of next year.
http://www.volkskrant.nl/wetenschap/succesvolle-eerste-lancering-van-deels-3d-geprinte-raket-vanuit-nieuw-zeeland~a4497002/http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11862250