By August 2016, Vector had tested hardware in suborbital flight with the launch of its P-20 prototype rocket, as well as atmospheric test flights of the Vector-R[when?] from the Mojave Air and Space Port in California and Spaceport Camden in Georgia.
By February 2018, the company was planning to launch the first orbital flight of the Vector-R in July 2018 from the Pacific Spaceport Complex – Alaska.[needs update] As of 2017[update], the first launch of the Vector-H was expected to occur in 2019.[needs update]
On August 9, 2019, Cantrell left Vector Launch and John Garvey assumed the role of CEO. The future of the company was left uncertain as it reportedly faced serious financial problems.
On October 29, 2020, Vector re-emerged with a new CEO to focus the company on suborbital and orbital flight.
On January 11, 2021, Vector's remaining shareholders unanimously voted on a wind down plan.
On October 11, 2022, Vector announced their renewed focus on national security related missions as well as the addition of Shaun Coleman, Vector's original investor and former General Manager of GalacticSky to their new board of directors
Vector planned to recover the first stage of its rockets for reuse. Other notable design features include a carbon fiber structure, some 3D printed engine parts, minimal infrastructure launch pads, and a fast launch cadence, which the company had hoped to reach 100 launches per year. The first client of Vector was Iceye, a company in Finland.
Vector developed a patented software-defined satellite operating system called GalacticSky so that its planned micro-satellites can run different applications. Managed by Vector's initial investor and co-founder Shaun Coleman GalacticSky was intended to allow customers to quickly test software applications for satellites without having to develop their own hardware. Over 40 patents were issued for GalacticSky and its capabilities Following a lawsuit filed by Vector against Lockheed Martin for violating GalacticSky patents and Vector's bankruptcy, Lockheed Martin expressed interest in acquiring GalacticSky for $2.5 million, assuming no higher bidder appears.
Several members of the former GalacticSky team including the primary author of many of its patents and a Vector co-founder, chief sales/marketing officer and SVP/general manager of GalacticSky, Shaun Coleman, former GalacticSky VP of engineering John Metzger, former Vector chief revenue officer, and Lockheed VP of Advanced programs Robert Cleave have since founded NewSpace Networks, a company focused on extending the cloud and making satellite networks more efficient. NewSpace Networks intends to bid for the GalacticSky assets against Lockheed Martin. Ultimately the GalacticSky technology was acquired by Lockheed Martin.
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