Rocket Lab CEO: ‘a year and a half slog’ due to coronavirus

Many companies in the space industry have seen operations grind to a crawl in the past two months because of the coronavirus crisis, a problem compounded by frozen venture capital that used to be readily available.

Worse, Rocket Lab CEO Peter Beck told CNBC that this is only the “early days” of the crisis for an industry that saw a boom time over the past decade. While he remains hopeful that some creative and well-funded companies may continue pushing forward, Beck warned that this “is going to be a really challenging time.”

Read more at CNBC:

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