Hunt on for private overseas investment in NZ's second rocket launchpad
The National Aerospace Centre says it expects to tap intense global demand for rocket launches.
New Zealand's National Aerospace Centre is seeking private investment to establish a second rocket launchpad at Kaitorete Spit near Christchurch. Acting chief executive John Holt revealed several European companies have expressed interest in the project, which hinges on commercial viability. The government has ruled out further fiscal support due to budget constraints, but Holt forecasts overseas investment could make the pad operational within two years.
Despite the lack of subsidies in New Zealand, Holt emphasized the growing interest in vertical launch services, citing the US as a potential source of investment. The government has allocated $35 million since 2021 to support Tāwhaki's efforts, including streamlining aerospace regulations and providing a permanent Special Use Airspace zone.
However, potential investors highlighted the need for government co-investment due to competitive offers from other countries.
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