The Midland Reporter-Telegram reports that Midland Development Corporation has approved a deal with Kepler Aerospace for the city’s spaceport. The board approved a couple of items having to do with Kepler Aerospace Ltd.: a sublease agreement that calls for the Florida-based company to occupy the empty, 17,000-square-foot building – once occupied by Orbital Outfitters – at the business park at Midland International Airport. The deal does not include a cash […]
The Midland City Council voted 6-1 last week to spend $10,000 on the renewal of a spaceport license for the Midland International Airport. Council members seemed to appreciate Councilman Spencer Robnett’s concern about economic development efforts that didn’t pan out, including the failed deals with XCOR Aerospace and Orbital Outfitters, which have either filed for bankruptcy or gone out of business since. Councilman Jeff Sparks even said during the meeting […]
Following the bankruptcies of XCOR and Orbital outfitters, Midland City Councilman Spencer Robnett says it’s time to end the city’s efforts to establish a viable spaceport. In an opinion piece published by the Midland Reporter Telegram, Robnett wrote: At this Tuesday’s City Council meeting, we will consider a resolution extending a contract with SilverWing Enterprises for contractual services to renew our spaceport license for 5 years. I will vote against […]
There’s some news from Cornwall on the spaceport front: Cornwall Council has admitted that it is ‘anticipating a positive announcement’ on the bid to have the UK’s first spaceport in Newquay bringing thousands of new jobs and an £1bn a year into the local economy. Newquay is among eight UK sites vying to become the first spaceport in Europe as the Government aims to meet the growing interest in space […]
With two key tenants — XCOR and Orbital Outfitters — out of business, the Midland Development Corporation has hired Interflight Global to advise it on the next steps for Midland’s spaceport. It’s a move that City Councilman J. Ross Lacy, who also serves as the President for the Midland Spaceport Development Corporation, thinks is a step in the right direction. “As we continue to move forward and we see the […]
by Douglas Messier
Managing Editor
I realize it’s a bit late, but here’s a look back at the major developments in space in 2017.
I know that I’m probably forgetting something, or several somethings or someones. Fortunately, I have eagle-eyed readers who really seem to enjoy telling me just how much I’ve screwed up. Some of them a little too much….
So, have at it! Do your worst, eagle-eyed readers!
The numbers are in on XCOR Aerospace’s bankruptcy, and as one would expect, they’re not real pretty.
The company has $1.1 million in assets and $1,424.66 in cash, according to documents filed with the Bankruptcy Court for the Eastern District of California. XCOR owes $27.46 million to creditors, with $23.6 million in unsecured debts and $3.86 million in liabilities secured by assets.
Midland Spaceport Development Corporation President J. Ross Lacy said on Tuesday that he expects XCOR’s Lynx Mark I to make its first flight from Midland International Air & Space Port in the second quarter of 2016.
“Right now, we’re looking at XCOR to probably have their first launch here second quarter of ’16,” Lacy said during a MSDC meeting. “Orbital Outfitters’ building is moving along very nicely; they’ve also got the altitude chamber facilities inside that building. The XCOR hangar is almost complete, and we’ve already got half of their staff out here right now.”
Just a few of the #XCOR team in front of our new hangar-to-be at Midland, TX international Air & Space Port. pic.twitter.com/coqbuzSLSP — XCOR Aerospace (@XCOR) October 28, 2014 Officials from XCOR and Orbital Outfitters journeyed to Midland for a celebration of the FAA granting a spaceport license to Midland International Airport. This Tweet was the only official word out of XCOR about the celebration.
MIDLAND, Texas (Press Release)—In a joint release today, the Midland International Airport, Midland Development Corporation, XCOR Aerospace and Orbital Outfitters announced the Federal Aviation Administration (FAA) approval of a Commercial Space Launch Site License (Spaceport) for the Midland International Airport (MAF). Midland International Airport is the first primary commercial service airport to be certified by the FAA under the Federal Aviation Regulation (FAR) Part 420 as a spaceport and will furthermore be referred to as the Midland International Air & Space Port.