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Xcor aerospace

The meaning of «xcor aerospace»

XCOR Aerospace was an American private spaceflight and rocket engine development company based at the Mojave Air and Space Port in Mojave, California, Midland International Air and Spaceport in Midland, Texas[2][3] and the Amsterdam area, the Netherlands.[4] XCOR was formed in 1999 by former members of the Rotary Rocket rocket engine development team, and ceased operations in 2017.

By 2015, XCOR was headed by CEO John "Jay" Gibson,[5] who remained CEO until June 2017.[6] XCOR Aerospace was the parent operation, concerned with engineering and building spaceships and had two main subdivisions within it; XCOR Space Expeditions provided marketing and sales, and XCOR Science had been set up to conduct scientific and educational payload flights.

By May 2016, XCOR was laying off staff[7] and in 2017, XCOR closed their doors for good and filed for Chapter 7 bankruptcy.[3][8]

The company was founded in Mojave, California in 1999[9] by Jeff Greason, Dan DeLong, Aleta Jackson and Doug Jones[1] who had previously worked at the Rotary Rocket company.[10]

In 2001, XCOR designed and built EZ-Rocket, the first privately built and flown rocket-powered airplane.[11] EZ-Rocket made its maiden flight in July 2001.

XCOR moved its development and manufacturing operations to Midland, Texas from July 2012 to 2015.[9] The company uses the Mojave Air and Space port primarily to conduct test flights.[12]

In 2015, XCOR attracted investment from Chinese venture firm Haiyin Capital, valuing the company at $140 million.[13]

From 1999 to 2015, Jeff Greason served as CEO. In mid-2015, John "Jay" Gibson succeeded Greason as CEO.[6][10][14] Later that year three of the co-founders, Jeff Greason, Dan DeLong and Aleta Jackson, left the company to found Agile Aero, an aerospace company focused on rapid development and prototyping of aerodynamic spacecraft.[15]

In May 2016, the company halted development of the Lynx spaceplane and pivoted company focus toward development its LOX/LH2 engine technology, particularly on a funded project for United Launch Alliance. The company laid off more than 20 people of the 50–60 persons onboard prior to May.[16]

By the end of June 2017, CEO Gibson left the company, and the company laid off all remaining employees,[5][17] hiring about half back on a contract basis.[8] The company filed for Chapter 7 Bankruptcy in November 2017.[8]

The Lynx was planned to be capable of carrying a pilot and a passenger or payload on sub-orbital spaceflights over 100 kilometres (62 mi). Between 20 and 50 test flights of Lynx were planned, along with numerous static engine firings on the ground. A full step-by-step set of taxi tests, runway hops and full-up flights were planned to get the vehicle to a state of operational readiness. Lynx was envisaged to be roughly the size of a small private airplane. It would be capable of flying several times a day making use of reusable, non-toxic engines to help keep the space plane's operating costs low.[18] The Lynx superseded a previous design, the Xerus spaceplane.[19] The Lynx was initially announced in March 2008, with plans for an operational vehicle within two years.[18] That date slipped, first to 2012,[20] then to 2015[21] and in January 2016 the company declined to give a projected date for the first test flight.[22] The Mark II was projected to fly twelve to eighteen months after the first test flight depending on how fast the prototype moved through the test program.[18][21]

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