IOMToday reports that Excalibur Almaz is denying charges that it fraudulently took funds from an investor to use Soviet-era space hardware for human stations:
“These allegations are baseless and will be vigorously defended. To set the record straight, Excalibur Almaz is not out of business and is vigorously pursuing a profitable commercial space program utilizing proven Russian flight hardware capable of re-use, contrary to recent allegations.”
In a lawsuit, Japanese investor Takafumi Horie accused Excalibur Almaz founders Art Dula and J Buckner Hightower of misleading him in order to obtain a $49 million investment in the company. Horie says the Soviet-era Almaz space station hardware the company purchased were museum pieces that could never be launched into space.
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