Business Entrepreneur Stories

New rocket aims for space tourism market.
Entrepreneurs of the new commercial space age plan to start test flights in 2010 of a practical four-engine rocket ship that will take people on Mach 2 thrill rides up to 200,000 feet and which also has the interest of the Air Force.

The design of the Lynx rocket was shown off Wednesday by Xcor Aerospace, a Mojave, Calif.-based company that has spent nine years developing rocket engines.

Fueled by liquid oxygen and kerosene, the two-seat ship - a bit more slender than a small executive jet - is intended to operate like an airliner, making up to four flights a day while using runways for takeoffs and landings like a normal airplane.

CEO Jeff Greason withheld specifics of costs and technical details at a news conference but said he was certain investors will finance construction of the Lynx, which he estimated from will cost ’south of $10 million,’ not including previous development costs.

This entry was posted on Friday, May 16th, 2008 at 12:33 am and is filed under Business Entrepreneurs. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.