XCOR Aerospace raises $14 million
Posted: Wed, May 28, 2014, 1:47 PM ET (1747 GMT)
Suborbital vehicle developer XCOR Aerospace announced Tuesday that it has raised $14.2 million in a new funding round led by Dutch investors that will allow the company to bring its suborbital spaceplane into service. The $14.2-million Series B round was led by Space Expedition Corporation (SXC), a Dutch company that had already partnered with XCOR to sell seats on flights of XCOR's Lynx vehicle. Several other existing and new investors joined the round. The SXC investment in XCOR has received the necessary approvals from the Committee on Foreign Investment in the United States, a branch of the Treasury Department that vets foreign investments in some types of American companies. The funding will allow XCOR to complete development and testing of the Lynx vehicle and bring it to market. Lynx, a rocket-powered vehicle designed to take off and land on runways, can carry a passenger or scientific experiments, along with a pilot.
Suborbital vehicle developer XCOR Aerospace announced Tuesday that it has raised $14.2 million in a new funding round led by Dutch investors that will allow the company to bring its suborbital spaceplane into service. The $14.2-million Series B round was led by Space Expedition Corporation (SXC), a Dutch company that had already partnered with XCOR to sell seats on flights of XCOR's Lynx vehicle. Several other existing and new investors joined the round. The SXC investment in XCOR has received the necessary approvals from the Committee on Foreign Investment in the United States, a branch of the Treasury Department that vets foreign investments in some types of American companies. The funding will allow XCOR to complete development and testing of the Lynx vehicle and bring it to market. Lynx, a rocket-powered vehicle designed to take off and land on runways, can carry a passenger or scientific experiments, along with a pilot.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
Space Force releases guidelines on commercial use of launch sites
Posted: Sun, Jul 20 9:51 AM ET (1351 GMT) |
|
news links
|
|
Friday, July 25
Musk’s Starlink hit with hours-long outage after rollout of T-Mobile satellite service
CNBC — 6:21 am ET (1021 GMT) Starlink Restored After Hours-Long Outage Took Down Elon Musk's Satellite Internet Service
CNET News.com — 6:20 am ET (1020 GMT) Starlink satellites disrupting astronomy research in WA's Murchison, study finds
Australian Broadcasting Corporation — 6:19 am ET (1019 GMT) Starlink Down—What Caused The Outage And Is It Back Up Yet? [yes]
Forbes.com — 6:18 am ET (1018 GMT) Ukrainian soldiers cut off from Musk’s Starlink after blackout
The Daily Telegraph — 6:18 am ET (1018 GMT) |
