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Space Transport Corp. Update

Published by Sigurd De Keyser on Sun Feb 20, 2005 10:30 pm
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chabot imagePhillip Storm President, Space Transport Corporation posted in the Official Space Transportation Corp. forum:

http://www.xprizenews.org/forum/viewtopic.php?t=1081

There appears to be some confusion. Our company is in the middle of selling some equipment (auction went well yesterday) and figuring out how to tackle privatization of space. We’re going to use the proceeds to pay our bills and put the remainder in a company savings account until we figure out our future plans.

I think our new approach will involve a highly different vehicle than the one we used for the X-prize – which was conceived for the purpose of winning the $10M prize. We’ve learned quite a few things that we will apply to the design of a better craft as well as its development. We’re considering alternative fuels, improvements in safety, varying passenger designs (number and comfort), but in all likelihood, similar recovery methods involving ocean/helicopter/vessel as well as a ground launch. It is not clear if development will occur in the Pacific Northwest or not.

I’d like to note that this same process was undergone before we embarked on the X-prize design, the Rubicon, and we have no intention of calling it quits. Our small company is highly flexible and determined.

Very Truly,

Phil Storm
President, Space Transport Corporation

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