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
|
|
|
|
news links
|
|
Monday, January 19
Proba-3: our eyes on the Sun’s inner corona
ESA — 6:10 am ET (1110 GMT) SpaceX successfully launches Falcon 9 rocket into low-Earth orbit from Cape Canaveral
WESH-TV Orlando — 6:07 am ET (1107 GMT) Small businesses in Higashiosaka launch crowdfunding campaign for lunar exploration robot
Independent Online — 6:06 am ET (1106 GMT) Polish Lawmakers Request Military to Establish Suborbital Spaceport
Militarnyi — 6:03 am ET (1103 GMT) ISRO was set to move on to a new era. PSLV failure has stalled India’s space policy
ThePrint (India) — 6:00 am ET (1100 GMT) |
