Rocketplane Files For Bankruptcy

Rocketplane runs out of gas, MSNBC

"Now the Oklahoma Gazette reports that Rocketplane's owner, George French, has filed Chapter 7 bankruptcy papers in his home state of Wisconsin, covering Rocketplane as well as the Kistler and Global subsidiaries. French is also filing for personal bankruptcy. The documents show assets ranging from $108,000 to $287,000, and liabilities of more than $8 million. The Chapter 7 bankruptcy process would lead to the liquidation of Rocketplane's assets - and the death of the company's outer-space dreams. "We didn't leave a nickel on the table," the Gazette quotes French as saying. "We did what we said we could do. Unfortunately, we did not complete the program as originally conceived."

  • submit to reddit


In Fury Born by David Weber - Baen Books
Kepler Communications - Aether

Join our mailing list

Commercialization: Monthly Archives

Monthly Archives

About this Entry

This page contains a single entry by Keith Cowing published on July 12, 2010 6:50 AM.

Senate Prepares To Throw Road Block At NASA Policy was the previous entry in this blog.

The Cape Week in Review - New Ideas, New Missions and Rebirths is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.