Commercial Spaceflight And The Dawning Age of NewSpace

Advanced space propulsion startup shuts down | SpaceNews.com

WASHINGTON — A Colorado company that said last year it had achieved a technological breakthrough in space transportation has decided to shut down, citing the high costs and risks associated with further development.

Escape Dynamics of Broomfield, Colorado, announced on its website recently that it decided to wind down its operations because its “external propulsion” technology was not attractive enough to potential investors to fund its continued development.

“While microwave propulsion is feasible and is capable of efficiency and performance surpassing chemical rockets, the cost of completing the R&D all the way through operations makes the concept economically unattractive for our team at this time,” the company stated in a brief note posted on its website.

Sourced through Scoop.it from: spacenews.com

See on Scoop.itThe NewSpace Daily

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s