French small launch developer Latitude has closed $30 million in new capital as it eyes the first flight of its Zephyr rocket in 2025. While other rocket companies are going bigger, developing even more massive rockets, Latitude is taking a different approach: light, small, and hopefully cheap enough to beat out competitors. In a statement, Latitude CEO and cofounder Stanislas Maximin said 2024 would be a “pivotal year” before Zephyr’s first flight in 2025.