Greason: XCOR “Funding Constrained” But Hopeful of 2011 Lynx Flights

XCOR's Lynx suborbital vehicle
XCOR's Lynx suborbital vehicle

Rand Simberg caught up with XCOR CEO Jeff Greason the other day in Mojave, asking whether the company’s Lynx vehicle would be flying next year:

“Probably not, but I think we have a good shot at flying in early 2011,” Greason says. “We are currently funding constrained,” he says. That is, with more money, XCOR could have been flying sooner, and are not having any technical issues with the design—at least none that are holding back its schedule.

“Things are starting to turn around, and I’m cautiously optimistic that we’ll be able to get the funds that we need in the next few months,” he says. “Most of the investment in this industry to date has been from people investing their own money, but in the past year we’ve started to see a few investments by traditional venture investors—people investing other peoples’ money,” Greason says. “There are signs that this will continue next year, and we expect to get some of it.”

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