Non-profit organization Build A Plane has acquired the assets of Mojave, California-based commercial space flight company XCOR, which filed for bankruptcy last year. Build A Plane will use the assets to build a school and to support its latest project: Build A Rocket, which is set to launch next year. According to a report by Space.com, the non-profit bought XCOR’s assets for just over $1 million, beating out Space Florida, which put a bid in for $1 million. Sage Cheshire Aerospace, which built the Red Bull Stratos capsule that Felix Baumgartner famously jumped out of in 2012, has partnered with Build A Plane for the project.
Build A Plane to Use XCOR Assets for Build A Rocket Project
Key Takeaways:
- Non-profit Build A Plane acquired the assets of bankrupt commercial space company XCOR for over $1 million to establish a school and launch its "Build A Rocket" project.
- The "Build A Rocket" project aims to engage high school and college students in building 18-foot high-powered rockets, offering pre-manufactured kits (available next year for $5,000) and selecting students for a special build in California.
- Sage Cheshire Aerospace, which built the Red Bull Stratos capsule, has partnered with Build A Plane for this educational rocketry initiative.
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