Sure seems starved for cash. They seem to have progressed further than Rocketplane (before that company became Rocketplane/Kistler) but it seems scary close to having the same fate.
Quote from: Kansan52 on 05/08/2015 06:06 pmSure seems starved for cash. They seem to have progressed further than Rocketplane (before that company became Rocketplane/Kistler) but it seems scary close to having the same fate.XCOR is more than cash starved.. they're hand to mouth. This is what "sustainable" looks like.. when Lynx starts pulling in revenue we'll see a different XCOR.
It is to a large extent a side effect of XCOR's reliance on actively piloted systems. That worked great when they were flying kitplanes, but margins of safety required for a piloted suborbital vehicle are so much higher that Lynx Mk. I is turning into a money pit. If they had bit the bullet a few years ago and decided to focus on a half-scale, unpiloted Lynx, they'd be racking up the flight hours now and actually earning cash from flying experiments. Instead, they have a half-built hanger queen with no wings yet.On the other side of the fence (literally, until XCOR finally vacates Mojave), Masten's focus on super-autonomous VTVL has allowed Xombie to become a world-class avionics test facility and the company to become cash-flow positive. It would be ironic (but perhaps not surprising) if the first XCOR engine to reach orbit is attached to a Masten launch vehicle...
The strakes make up a large portion of the Lynx aerodynamic shell. Each strake is partitioned into four independent fuel tanks that are pressurized during flight and supply kerosene to the Lynx engines. Each strake also houses a main landing gear assembly and two reaction control thrusters that the Lynx will use to make attitude adjustments while outside of the atmosphere.
But I think some of this commentary on XCOR, making it sound like a floundering company living hand to mouth seems overly pessimistic for a company that's now up to almost 100 employees (5x what Masten is today), and has raised over $20M in investment money for their vehicle. Am I as optimistic at how soon they'll fly? Not really. But I don't have any doubts they will.~Jon
Were the sources wrong or did they exaggerate?
there seems to be some amount of "re-calibrating" expectations in the last few days. From "XCOR flying any time soon now" to "XCOR doing great just staying in business".
Jon, but I distinctly recall that several sources (including you? apologies if I'm wrong) were dropping hints that we would see taxi test and an integrated airframe very soon. And this was months ago. Were the sources wrong or did they exaggerate? Because there seems to be some amount of "re-calibrating" expectations in the last few days. From "XCOR flying any time soon now" to "XCOR doing great just staying in business".It could be way off base - but that is certainly my impression.
Sorry if I made it sound like I had more of an inside track on how things were going there than I did.~Jon
I can't speak for Jon, but it's always been my position that XCOR is a business that Jeff keeps above water by sheer force of will and when they fly it should be recognized as not just miraculous, but also inspirational too. Consider that they started this business with nothing but a bunch of hungry mouths to feed and the limits of their credit cards.
Quote from: QuantumG on 05/09/2015 12:55 amQuote from: Kansan52 on 05/08/2015 06:06 pmSure seems starved for cash. They seem to have progressed further than Rocketplane (before that company became Rocketplane/Kistler) but it seems scary close to having the same fate.XCOR is more than cash starved.. they're hand to mouth. This is what "sustainable" looks like.. when Lynx starts pulling in revenue we'll see a different XCOR.Yup. XCOR's story is the polar opposite of VG.Careful engineering, discipline, but no star power and no money pouring down from the sky.There's really no excuse for VGs timeline. But XCOR's is fully understandable, and admirable.
New $5M from VC, no cash starvation now.http://www.forbes.com/sites/alexknapp/2015/05/26/chinese-venture-firm-haiyin-capital-is-investing-in-space-company-xcor/
Quote from: Katana on 06/13/2015 08:34 pmNew $5M from VC, no cash starvation now.http://www.forbes.com/sites/alexknapp/2015/05/26/chinese-venture-firm-haiyin-capital-is-investing-in-space-company-xcor/$5 million really isn't very much for a program to build a passenger ship going to space. I wouldn't say it's enough to say there's no more cash starvation for Lynx.