Xcor was making a suborbital reusable launch vehicle (a suborbital spaceplane).
XCOR filed for Chapter 7 bankruptcy Wednesday in the Eastern District of California.
Money dried up for XCOR after its subcontract with United Launch Alliance wasn’t renewed this year. In 2016, XCOR began development on the full scale 25k lbf thrust liquid hydrogen engine, the 8H21, under a privately funded contract with ULA. This partnership with the Air Force will further support this engine development.
XCOR, in its filing, listed estimated assets of between $1 and 10 million, with estimated liabilities of between $10 and 50 million.
XCOR was founded by four former employees of Rotary Rocket Company in 1999 after that company, which was developing a reusable launch vehicle called Roton, changed propulsion systems. XCOR developed a number of engines, including versions flown on a modified Long-EZ airplane called EZ-Rocket.
XCOR is best known in the industry for Lynx, a suborbital spaceplane announced in 2008 designed to carry one pilot and one spaceflight participant. The vehicle was designed to take off from a runway under rocket power and fly a suborbital arc, gliding back to a runway landing.
The company, though, was never able to complete the initial prototype of Lynx.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
3 thoughts on “Suborbital Spaceplane company XCOR files for bankruptcy”
There is no market for short suborbital flights.
It’s a half baked kind of deal. Like paying for a sumptuous dinner and only having the right to see and smell the dishes, then you are shoved out the door.
And actual orbital trips for a similar price are upcoming, so those willing to pay prefer to wait.
No market for short suborbital flights?
You mean like Virgin Galactic’s SpaceshipOne?
You mean like Blue Origin’s New Shepard?
I don’t believe too much on them either, except maybe while the novelty wears off.
Blue Origin is going full orbital and that’s where the market is.
Comments are closed.