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New Las Cruces Rocket Company X-Prize Competitor

Published by Sigurd De Keyser on Sun May 14, 2006 2:14 pm
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Newly relocated to Las Cruces, Lee Rush President of Thrugate Aerospace told the X-Prize Foundation that Thrugate would be competing for the Five Hundred Thousand dollar NASA X-Prize proposed Re-usable Rocket competition at the X-Prize Cup in October.

John Gedmark of the X-Prize Foundation called Thrugate Aerospace on Monday May 9th 2006 and asked if they were interested in the Re-usable Competition to launch 50 lbs of payload to 5,000 feet. “I said yes. And asked him where do we sign up.” said Lee.
If the last X-prize competition is any example, there could also be a multi-million dollar contract for the winner.
”The odds are long but for an outfit our size the stakes are high,” said Lee.

NASA is looking for a re-usable sounding rocket.
Last year sounding rockets grossed 150 million dollars, with a high percentage going for wages. A re-usable rocket will allow more work and jobs in a wide range of research from Astronomy to medicine. With the possibility of expanding the size of the market. “Our current experimental rockets can be re-used many times. Scaled up to competition size, could win the cup and take a piece of the sounding rocket market,” said Lee.

However, thrilled that such a prize is within their reach, Lee is sober about the work ahead. “It’s going to take lots of work, lots of money, and more people. We’ll have to rely heavily on money from local sponsors and support from local company’s.”
For more information visit:
http://www.thrugateaerospace.com/

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