Hunt on for private overseas investment in NZ's second rocket launch pad

New Zealand is seeking private investment for its second rocket launch pad, located at Kaitorete Spit south of Christchurch. Several European companies have shown interest in the spaceport, according to the National Aerospace Centre (Tāwhaki). Acting chief executive John Holt expects overseas investment could establish a test pad for rockets within two years, despite the government ruling out further capital investment due to fiscal constraints.

The lack of subsidies for launch pads is identified as a key challenge. Holt has been visiting the United States and Europe to talk to potential investors. Tāwhaki, which previously pivoted away from rockets 18 months ago, is now focusing on both commercial and defence demands, as the market for vertical launch services has grown significantly.