Private Equity Firm Purchased Stratolaunch

Stratolaunch flies (Credit: Stratolaunch)

Alan Boyle at Geek Wire reports that a private equity firm owned by a billionaire Donald Trump supporter that specializes n distressed companies is the new owners of Sttratolaunch.

Sounds about right. Stratolaunch has always been the indulgence of a billionaire. And it was certainly distressed.

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For Sale: The World’s Largest Airplane*

Stratolaunch takes off. (Credit: Stratolaunch)

As we previously reported, Stratolaunch is up for sale. Paul Allen’s sister Jody Allen, the executor of her brother’s estate, has no interest in continuing the development of the giant airplane, which is designed to air launch rockets.

CNBC reports on the eye popping price tag:

Holding company Vulcan is seeking to sell Stratolaunch for $400 million, people familiar with the matter told CNBC. Vulcan is the investment conglomerate of late billionaire Paul Allen, a Microsoft co-founder. Allen died last October following complications of non-Hodgkin’s lymphoma.

The hefty price tag includes ownership of the airplane as well as the intellectual property and facilities.

Stratolaunch is the world’s largest airplane by wingspan, which stretches 385 feet — longer than an American football field. The plane is powered by six jet engines salvaged from Boeing 747 aircraft.

Allen’s vision of a massive plane that can launch rockets from the air was at least partially fulfilled in April, when Stratolaunch flew for the first time after about eight years in development. Based at the Mojave Air and Space Port in California, the giant airplane flew for more than two hours before landing after what was deemed a successful first flight.

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Report: StratoGoose is Cooked

Stratolaunch takes off. (Credit: Stratolaunch)

Reuters has confirmed reports that Parabolic Arc has been hearing for months here in Mojave: Stratolaunch’s goose is cooked.

Stratolaunch Systems Corporation, the space company founded by late billionaire and Microsoft Corp co-founder Paul Allen, is closing operations, cutting short ambitious plans to challenge traditional aerospace companies in a new “space race,” four people familiar with the matter said on Friday….

[Parent company] Vulcan has been exploring a possible sale of Stratolaunch’s assets and intellectual property, according to one of the four sources and also a fifth person….

The decision to set an exit strategy was made late last year by Allen’s sister, Jody Allen, chair of Vulcan Inc and trustee of the Paul G. Allen Trust, one of the four people and the fifth industry source said.

Jody Allen decided to let the carrier aircraft fly to honor her brother’s wishes and also to prove the vehicle and concept worked, one of the four people said.

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