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