Aircraft - Friday, June 8, 2007
RocketShip Maker XCOR Gains Angel Funding
Boston harbor Angels have invested in Xcor Aerospace t support development of XCOR's new suborbital vehicle. Mojave, CA-based XCOR XCOR has been developing rocket engines for space travel. The company is building a vehicle capable of taking one pilot and one passenger on a suborbital round trip. To date the company says it has been primarily funded from customer contracts and angel investors. Angel investors in XCOR Aerospace include Esther Dyson, Stephen Fleming, Aneel Pandey, Joe Pistritto and Lee Valentine.
XCOR was recently awarded a Small Business Innovative Research (SBIR) Phase 1 contract from the Air Force to design and analyze a rocket-powered vehicle that will reach 200,000 feet altitude and supersonic speeds. Using private investment matched with USAF resources XCOR will construct an all-rocket powered vehicle that will fly suborbital missions for the Air Force SBIR.
XCOR will compete with a number of other well known commercial space travel companies, including those being launched by Virgin's Richard Branson and Amazon's Jeff Bezos.
Read - announcement
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