Tag: ARCA

ARCA’s CEO arrested by Homeland Security

8:56 am

We’re here to help you! Despite having all charges against him dropped, Homeland Security has arrested the CEO of the smallsat rocket company ARCA.

It’s not over yet. [Dumitru Popescu] was taken into custody by the Department of Homeland Security this morning, without warning.

When Dumitru was arrested in October of last year, The DHS cancelled his business visa, and provided him with a temporary visa, allowing him to stay until his case ended. Despite all charges against Dumitru being dismissed and Dumitru’s immediate efforts to restore his legal status in the US, he was taken into custody before he had a chance to do so.

This is absurd. The guy is very clearly not trying to get into the U.S. illegally. His company has actually won grants from NASA as well as other private companies. When the charges were dropped his business visa should have be reinstated instantly.

The result I think will be to kill his company, and its attempt to launch and test the first aerospike engine. This is a loss for both them and the United States.

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All charges dropped against ARCA CEO

9:01 am

After a grand jury refused to issue an indictment, all charges have been dropped against Dumitru Popescu, the CEO of the smallsat rocket company ARCA.

I am reminded of the Emily Latila character from the early days of Saturday night life.

Even though he has been entirely cleared, the prosecution served to seriously delay the company’s plans.

At the time the charges were filed last fall, ARCA had been about two weeks from launching a test rocket from Spaceport America, according to Popescu. The criminal case stalled progress. Now, the company plans to carry out the rocket test in Europe. After that, it’s likely the company will launch a test of a second rocket system from NASA Wallops Flight Facility in Virginia.

It is also possible the company will now exit either New Mexico or the U.S., since it appears the state government here is hostile to it.

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ARCA’s CEO provides update on charges against him

8:34 am

Capitalism in space: The CEO of ARCA, Dumitru Popescu, yesterday released a youtube video where he provides an update on the fraud and embezzlement charges against him.

He spends most of the video describing what happened when he was arrested. However, he also says that he and his attorney have now seen the evidence against him, and though he cannot discuss it yet he is confident that he will be found innocent in court.

The man appears sincere, but who knows. We shall see. He also says that ARCA is moving forward, though he also admits that his arrest was a setback for the company.

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ARCA issues statement after arrest of CEO

8:38 am

ARCA has issued a statement following the arrest last week of Dumitru Popescu for embezzlement and fraud.

ARCA Space Corporation will continue the development of its aerospace technology as scheduled. The company has full confidence in CEO Dumitru Popescu and expects him to lead the efforts. Mr. Popescu was charged in New Mexico state courts with alleged embezzlement and securities issues. However, Mr. Popescu maintains his innocence and expects to prevail in court proceedings.

Meanwhile the work of the company will proceed with a goal of presenting a successful aerospike rocket engine.

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New smallsat rocket company plans first flight of aerospike engine

9:09 am

ARCA Aerospace has announced that it will perform the first test flight reaching space of an aerospike rocket engine this coming August.

ARCA Space Corporation has announced the first test-launch of its Demonstrator 3 space vehicle at Spaceport America in August. This will mark the first space flight of an aerospike rocket engine. Aerospike rocket engines are described as significantly more fuel efficient than the current engines and could make launches attempting to bring satellite payloads to space more affordable. Demonstrator 3 will perform a suborbital space flight up to an altitude of 100 kilometers above the New Mexico desert.

Their goal is to build a rocket they have dubbed Haas 2CA for the smallsat industry.

There is an interesting video at the link from the company showing their engineers hand-building this first suborbital test rocket, which the company also says is the first of a weekly series leading up to the test launch. More information about the company can be found at their website. According to their schedule, they hope to make the first orbital flight in 2018, and begin commercial operations by the end of that year.

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