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Model rocketry is a safe and widespread hobby. Individuals such as G. Harry Stine and Vernon Estes helped to ensure this by developing and publishing the NAR Model Rocket Safety Codes [1] [13] [14] and by commercially producing safe, professionally designed and manufactured model rocket motors.
Amateur rocketry was an especially popular hobby in the late 1950s and early 1960s following the launch of Sputnik, as described in Homer Hickam's 1998 memoir Rocket Boys. One of the first organizations set up in the US to engage in amateur rocketry was the Pacific Rocket Society established in California in the early 1950s.
The company switched owners in October 2004 and since expanded the line of model rockets including general rockets, payload, and pyramid rockets. Sunward Aerospace also produces a line of wood kits which include a trebuchet , a catapult , a ballista and an elastic powered racer.
Estes Industries was founded by Vernon Estes in 1958; in 1961, the company moved to a 77-acre tract of land on the outskirts of Penrose, Colorado. [10] [1] In 1969, Vernon sold the company to the Damon Corporation of Needham, Massachusetts, a company which also purchased a number of other hobby companies including a smaller competitor of Estes, Centuri Engineering of Phoenix, Arizona.
Sport Rocketry is the official journal of the National Association of Rocketry. Sport Rocketry is the longest continually published magazine devoted to the sport rocket hobby. It is published bi-monthly and features regional launch coverage, construction and technical articles, rocket plans, scale data, competition tips, and product reviews.
The company has never generated a profit or positive free cash flow, so it is not surprising that some investors shy away from Rocket Lab stock. Over the last 12 months, it has burned $149 million ...