The European rocket challenging SpaceX and Rocket Lab in the growing U.S. small satellite market

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The European rocket challenging SpaceX and Rocket Lab in the growing U.S. small satellite market
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A host of small satellites manufactured in the United States are set to launch on a rocket from South America on Saturday.

Arianespace's Vega rocket is set to launch a host of small U.S. satellites on Saturday, in a mission the represents the foreign competition to companies like SpaceX and Rocket Lab.

This launch will see Vega carry 53 spacecraft and is the first demonstration of the satellite dispenser Arianespace developed to make more of these launches possible.A host of small satellites manufactured in the United States are set to launch on a rocket from South America on Saturday, in a mission that represents the foreign competition to U.S. rocket builders like SpaceX and Rocket Lab.

"Vega is super important for us in different ways, and for the small satellite market in particular. It makes us capable of delivering basically any mass to any orbit at any time," Arianespace Vice President of Sales Stella Guillen told CNBC. "Vega is a very important solution for the increase in demand, especially in the U.S., for access to space for small satellites."

Additionally, this launch will see Vega carry 53 spacecraft ― an increasingly common practice in the industry known as "ridesharing." This is the first demonstration of the satellite dispenser Arianespace developed to make more of these launches possible.

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