Radian raises $27.5 million to develop single-stage-to-orbit spaceplane
Capitalism in space: The startup Radian Aerospace announced yesterday that it has raised $27.5 million in private investment capital to fund the development of a single-stage-to-orbit spaceplane it dubs Radian One.
Radian has disclosed few technical details about the Radian One design. The seed round “essentially helps us transition more robustly into the hardware development phase,” Holder said. The company’s work to date has focused on the conceptual design and a few key technologies, such as test-firing “critical elements” of the vehicle’s main propulsion system.
The company said it has launch service agreements for Radian One with commercial space station developers, in-space manufacturers, satellite, and cargo companies, as well as agreements with the U.S. government and selected foreign governments. It did not identify specific customers, value of any such agreements or schedules for delivering those launch services.
Company officials seem confident they can do this. Their chief technology officer worked on the failed 1990s single-stage-to-orbit X-33 project, and is convinced the advances in technology since now make such a spaceplane possible.
We shall see. Radian faces stiff competition, as it is one of more than a hundred new orbital rocket companies. Its advantage, if successful, is its completely reusable airplane-like design.
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Capitalism in space: The startup Radian Aerospace announced yesterday that it has raised $27.5 million in private investment capital to fund the development of a single-stage-to-orbit spaceplane it dubs Radian One.
Radian has disclosed few technical details about the Radian One design. The seed round “essentially helps us transition more robustly into the hardware development phase,” Holder said. The company’s work to date has focused on the conceptual design and a few key technologies, such as test-firing “critical elements” of the vehicle’s main propulsion system.
The company said it has launch service agreements for Radian One with commercial space station developers, in-space manufacturers, satellite, and cargo companies, as well as agreements with the U.S. government and selected foreign governments. It did not identify specific customers, value of any such agreements or schedules for delivering those launch services.
Company officials seem confident they can do this. Their chief technology officer worked on the failed 1990s single-stage-to-orbit X-33 project, and is convinced the advances in technology since now make such a spaceplane possible.
We shall see. Radian faces stiff competition, as it is one of more than a hundred new orbital rocket companies. Its advantage, if successful, is its completely reusable airplane-like design.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
Bob, I would suggest “usable” in the last sentence be changed to “reusable” to emphasize the impact if the design – pardon the pun – manages to fly
Col Beausabre: Fixed. Twas supposed to be “reusable.” Thanks for letting me know.
Poor Gary Hudson….the Great Galactic Ghoul hexed all his projects with the Kiss Of Death. Then too, I thought Baikal would be the first reusable booster. Now, 27 million can get you a hanger, some tooling…and a little press to raise the REAL money needed. I remember someone here said Starship alone could be an SSTO with 30 tons of payload….I forgot who…