Buyer of Stratolaunch revealed though unconfirmed
A news story today at Geekwire has revealed, based on business filings in Washington and California, the new owner of the company Stratolaunch.
Filings with regulators in California and Washington show that a new LLC business, also called Stratolaunch, was incorporated in late October, at Stratolaunch’s existing offices in Seattle and Mojave, Calif. The new Stratolaunch’s executive vice president is named as Michael Palmer, Cerberus’ managing director.
Private-equity firms typically replace existing managers as a prelude to realigning businesses they buy, which can involve firing, automation and offshoring. However, it appears that Jean Floyd, Stratolaunch’s president and CEO since 2015, remains in his roles for now.
It appears the new owners, who did not confirm the Geekwire story, are now marketing the huge Roc airplane as a launch platform for hypersonic test flights rather than orbital satellites.
A news story today at Geekwire has revealed, based on business filings in Washington and California, the new owner of the company Stratolaunch.
Filings with regulators in California and Washington show that a new LLC business, also called Stratolaunch, was incorporated in late October, at Stratolaunch’s existing offices in Seattle and Mojave, Calif. The new Stratolaunch’s executive vice president is named as Michael Palmer, Cerberus’ managing director.
Private-equity firms typically replace existing managers as a prelude to realigning businesses they buy, which can involve firing, automation and offshoring. However, it appears that Jean Floyd, Stratolaunch’s president and CEO since 2015, remains in his roles for now.
It appears the new owners, who did not confirm the Geekwire story, are now marketing the huge Roc airplane as a launch platform for hypersonic test flights rather than orbital satellites.