Hypersonic engine manufacturer Reaction Engines goes bankrupt

Reaction Engines, the British hypersonic engine company that since 2011 has been touting its Skylon spaceplane and winning a variety of development contracts to build it. has now gone bankrupt, shutting down all operations.

However, this year, the company found itself in major financial difficulties due to unexpectedly slow growth and the inability to secure an additional £150 million (US$193 million) in funding, followed by BAE Systems and Rolls-Royce being unwilling to put up bail-out capital.

As a result, as of October 31, Reaction Engines is in the hands of administrators PricewaterhouseCoopers (PwC). The company’s website forwards to PwC where there is a notice saying that further information will be released to creditors as the available assets are assessed. According to Sky News, 173 of the company’s 208 staff were made redundant.

After more than a decade of work and no apparent progress, it appears no one was willing to front the company any additional cash.

August 23, 2022 Quick space links

Courtesy of BtB’s stringer Jay:

UK hypersonic engine component passes test

An important component of the hypersonic engine being developed by Reaction Engines, a private company based in the United Kingdom, has successfully passed a major test.

UK company Reaction Engines has tested its innovative precooler at airflow temperature conditions equivalent to Mach 5, or five times the speed of sound. This achievement marks a significant milestone in its ESA-supported development of the air-breathing SABRE engine, paving the way for a revolution in space access and hypersonic flight.

The precooler heat exchanger is an essential SABRE element that cools the hot airstream generated by air entering the engine intake at hypersonic speed.

This is good news for the company and the engine, but don’t expect to buy a ticket on a spaceship using SABRE anytime soon. This success is only a beginning. They remain a long way from flight.

ESA contract for hypersonic engine research

The competition heats up: The European Space Agency has signed a research contract for 10 million euros with Reaction Engines to build a ground-based prototype of its hypersonic rocket engine.

While ground testing is always necessary, I am not sure what they gain by building a solely ground-based prototype. Hypersonic engines use the oxygen in the atmosphere, much like jet engines. Their operation however is dependent on altitude as well as the speed in which they are traveling, neither of which is easily tested on the ground.

This project is also one part of the United Kingdom’s new space agency program.

British spaceplane concept gets infusion of cash

The competition heats up: Reaction Engines, the British company developing a hybrid air-breathing rocket engine, today received obtained a significant funding boost from a new private partner as well as the British government.

The government has committed $60 million, while BAE has purchased 20% of the company with a commitment of an additional $20 million.

The craft Reaction Engines intends to eventually produce, known as Skylon, depends on the ability to cool an incoming airstream from 1,000 degrees C to minus 150 C almost instantly, at close to 1/100th of a second. That process doubles the technical limits of a jet engine, and would enable the craft to reach extremely fast speeds in Earth’s atmosphere, up to give times the speed of sound, before switching to a rocket engine to reach orbit.

Don’t start buying tickets however. They don’t expect to begin manned test flights for at least a decade