Rocketplane Kistler Is In Trouble

Private-Rocket Venture Failing to Win Investors, Wall Street Journal

"In a potentially serious blow to privately supported space-exploration efforts, a project to develop a private-sector rocket to serve the International Space Station has failed to secure investors. Negotiations between a group of prospective commercial investors and a reusable-rocket venture led by closely held Rocketplane Kistler Inc. have broken down, according to industry officials familiar with the details. Alternative funding for the $500 million needed to keep the project on track is uncertain, these officials said."

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This page contains a single entry by Keith Cowing published on August 21, 2007 8:28 AM.

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