Home » News & Blogs » $400 million? Paul Allen’s Stratolaunch space venture is up for sale, sources say
Bookmark and Share
Geekwire

$400 million? Paul Allen’s Stratolaunch space venture is up for sale, sources say

15 Jun 2019, 00:08 UTC
$400 million? Paul Allen’s Stratolaunch space venture is up for sale, sources say
(200 words excerpt, click title or image to see full post)

Stratolaunch’s plane soars during its first test flight in April. (Scaled Composites Photo)
Sources say Vulcan Inc. is looking to sell Stratolaunch, the space venture founded by the late Seattle billionaire Paul Allen, and one report says the asking price could be as high as $400 million.
That price tag was reported today by CNBC, quoting unnamed sources who were said to be familiar with the discussions.
Vulcan had nothing new to say about Stratolaunch’s fate, which has been the subject of rumors for months. “Stratolaunch remains operational,” Alex Moji, manager of corporate communications at Vulcan, told GeekWire in an emailed statement. “We will provide an update when there is news to share.”
Stratolaunch’s big-ticket item is the world’s largest airplane, with a wingspan of 385 feet. The plane, which had its first and only test flight in April, is currently housed at the company’s giant hangar at California’s Mojave Air and Space Port.
Paul Allen’s original plan, hatched more than seven years ago, was to use the plane as a flying launch pad for rockets capable of sending payloads into a wide variety or orbits from any location within range of a big enough runway.
As time went on, ...

Latest Vodcast

Latest Podcast

Advertise PTTU

NASA Picture of the Day

Astronomy Picture of the Day

astronomy_pod