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XCOR Aerospace Files Chapter 7 Bankruptcy (parabolicarc.com)
2 points by JabavuAdams on Nov 11, 2017 | hide | past | favorite | 3 comments



Anyone with a few tens of $M kicking around might want to look at this. Sad. I remember following these guys back in 2000, during the birth of the New Space movement. I really liked the operational concept behind their tea cart engine: https://xcor.com/propulsion/research-development/

Hard to believe they were founded 18 years ago.


I guess they never got enough money to do a lot of things.


I remember when the New Space guys and gals would laugh at Elon Musk for spending > 100M, comparing him to old-space.

I think the lesson is that to do space on the cheap you need 100M, not 10M.




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