XCOR: More Bucks To Play Buck Rogers | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-07.07.25

Airborne-NextGen-07.08.25

AirborneUnlimited-07.09.25

Airborne-FlightTraining-07.10.25

AirborneUnlimited-07.11.25

Thu, Apr 17, 2003

XCOR: More Bucks To Play Buck Rogers

XCOR Secures $187,500 Equity Investment For DoD Matching Program

XCOR Aerospace has announced that it has successfully acquired an additional $187,500 in equity investments. This round of investment qualifies the company for a Department of Defense program that matches private capital four to one up to $750,000. The funds will be used for development of rocket engine pump technology.

“In the current tight fund-raising environment, it’s a testament to the company’s strength,” said Rich Pournelle, XCOR’s Director of Investor Relations. “The rocket engine pump is a critical component in the development of a reusable suborbital vehicle rather than rockets that are thrown away with each launch.”

XCOR is privately funded and its current investors include a former venture capitalist, software industry leaders, and other private investors. “XCOR is a sound investment because of the accomplishments of their engineering team and their focus on reusable rocket technology,” said Montana-based investor Dr. John Jurist. “The company has sound management and one of the most experienced rocket teams in the business. I firmly believe XCOR is positioned to be a leader in the development of suborbital vehicles.”

The company will now focus on securing a combination of government contracts and additional private investment to continue development of a suborbital vehicle for space tourism, microgravity research and microsatellite launches. XCOR Aerospace is also expanding its operations and moving into a 10,000 square foot facility located on the Mojave Airport flight line. The new facility consolidates operations which were spread between several locations.

XCOR Aerospace is a California corporation located in Mojave, California. The company is in the business of developing and producing safe, reliable and reusable rocket engines and rocket powered vehicles.

FMI: www.xcor.com

Advertisement

More News

NTSB Final Report: Aviat A1

Airplane Bounced About 3 Ft Then Touched Back Down And Then, With No Brakes Applied, The Airplane Began Veering To The Left Analysis: The pilot entered the airport traffic pattern >[...]

ANN's Daily Aero-Linx (07.08.25)

Aero Linx: British Microlight Aircraft Association (BMAA) The primary focus within all aviation activity is SAFETY. In all aspects of our sport SAFETY must come first, whether it b>[...]

Classic Aero-TV: Fly Corvair’s Reliable Engine Alternative

From SnF25 (YouTube Edition): William Wynne Builds Practical Aircraft Engines on the Corvair Platform Seeking an affordable alternative to the traditional aircraft engine options, >[...]

ANN FAQ: Contributing To Aero-TV

How To Get A Story On Aero-TV News/Feature Programming How do I submit a story idea or lead to Aero-TV? If you would like to submit a story idea or lead, please contact Jim Campbel>[...]

Classic Aero-TV: CiES Fuel-Quantity and e-Throttle Systems Praised

From 2023 (YouTube Edition): Bridge of CiES CiES Inc. is a Bend, Oregon-based designer and manufacturer of modular embedded aircraft systems and sensors. The company’s fuel-l>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC