Radian Aerospace raises $27.5M for orbital space plane - by b0yle
More than five years after its founding, Renton, Wash.-based Radian Aerospace is emerging from stealth mode and reporting a $27.5 million seed funding round to support its plans to build an orbital space plane.
One of the company’s investors and strategic advisers, former Lockheed Martin executive Doug Greenlaw, said Radian was going after the “Holy Grail” of space access with a fully reusable system that would provide for single-stage-to-orbit launches. Holder was part of the U.S. Air Force’s Manned Spaceflight Engineer program in the 1980s — and went on to become a program manager at Boeing, focusing on reusable space systems. The design for Radian’s space plane was inspired by Boeing’s 1970s-era concept for a Reusable Aerodynamic Space Vehicle, or RASP.
“Over time, we intend to make space travel nearly as simple and convenient as airliner travel,” said Richard Humphrey, Radian’s CEO and co-founder. “We are not focused on tourism, we are dedicated to missions that make life better on our own planet, like research, in-space manufacturing and terrestrial observation, as well as critical new missions like rapid global delivery right here on Earth.”
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