Complex sentence: SPL aims to develop, build and run reasonable priced rocket systems to transport small payloads into low-earth orbit (LEO) and is also a partner of the White Label Space team competing in the Google Lunar X PRIZE.
Split into simpler sentences: SPL aims to develop, build and run reasonable priced rocket systems to transport small payloads into low-earth orbit (LEO). SPL is a partner of the White Label Space team competing in the Google Lunar X PRIZE.