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Rocketplane Kistler

From Wikipedia, the free encyclopedia
American reusable launch vehicle company
"RpK" redirects here. For other uses, seeRPK (disambiguation).
Computer rendering ofK-1 launch vehicle (left) approaching theInternational Space Station (right)

Rocketplane Kistler (RpK) was areusable launch system firm originally based inOklahoma.[1] It was formed in 2006 afterRocketplane Limited, Inc. acquiredKistler Aerospace. NASA announced that Rocketplane Kistler had been chosen to develop crew and cargo launch services. However, having missed financial milestones NASA terminated funding for the project. It filed forchapter 7 bankruptcy in 2010.[2]

K-1 launch vehicle

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Main article:Kistler K-1

Rocketplane Kistler's primary project was theK-1, areusable launch vehicle which was intended to get as high asgeosynchronous orbit, and was hoped to compete with relatively expensive, one-shot rockets for servicing of theInternational Space Station.

Corporate history

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Kistler Aerospace was founded inKirkland, Washington byWalter Kistler andBob Citron in 1993 as a private company attempting to develop fully reusable vehicles capable of earth orbit at a minimal price.[3]Rob Meyerson, who later went on to become President ofBlue Origin, was a Senior Manager at Kistler Aerospace from 1997 to 2003.[4] The CEO wasGeorge Mueller, who previously had been a leader ofNASA'sApollo Program.[5]

In February 2006, Kistler was purchased by the majority owner ofRocketplane Limited, Inc, a competing reusable, private spacecraft firm. Kistler Aerospace continued to operate until its closure under the name Rocketplane Kistler. Meanwhile, Rocketplane Limited, Inc. changed its name to Rocketplane Global, Inc., with a third company, Rocketplane, Inc. set up as a parent company for the two.[6]

NASA launch partnership

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In August 2006, NASA announced that Rocketplane Kistler had been chosen, along withSpaceX,[7] to develop crew and cargo launch services, akaCommercial Orbital Transportation Services (COTS), for theInternational Space Station. The plan called for demonstration flights between 2008 and 2010. Rocketplane Kistler would receive up to $207 million if they met all NASA milestones.[8][9][10]

In November 2006, Rocketplane Kistler and Alliant Techsystems announced thatAlliant Techsystems would become the lead contractor for Rocketplane Kistler'sK-1 launch vehicle.[11]

Unmet financial milestones in 2006 and 2007

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In September 2006, Rocketplane Kistler began to miss financial milestones associated with the COTS agreement, and requested and received from NASA a 30-day extension on the milestone for completing its $40 million initial financing round.[12] In February 2007 RpK renegotiated its COTS agreement, agreeing to raise the $500 million of required private financing before the end of May.

By August 2007, RpK had failed to obtain that financing, forcing them to cut their workforce.[13]

On September 7, 2007, NASA notified Rocketplane Kistler that the COTS agreement would be terminated in 30 days due to continued inability to meet its financial milestones.[14] NASA announced in October 2007 that it had terminated funding for the project.[15]

Retrenchment

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Due to financial difficulties, the company had laid off most of its employees by February 2009, and consolidated business operations inWisconsin,[16] the home state of the company president.[16]

Rocketplane Inc., along with its subsidiaries, Rocketplane Kistler and Rocketplane Global, failed to deliver on promises to Oklahomans and—financially broke—left the state in 2009. "The company collected $18 million in state tax breaks, but its Rocketplane XP spacecraft never materialized. [The] company closed itsOklahoma City headquarters and relinquished its hangar atBurns Flat."[17]

Bankruptcy

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On June 15, 2010 Rocketplane Inc., as well as its subsidiaries and its CEO, George French, filed for chapter 7 bankruptcy. After 17 years of attempted development, the bankruptcy paperwork for Rocketplane Kistler listed $108,250 in assets including hardware and tooling for the K-1 rocket, as well as many unvalued patents and trademarks pertaining to the rocket. Secured liabilities were claimed at $3.7 million, with unsecured liabilities listed at just under $3.7 million, as well.[6]

Kistler Space Systems

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In December 2011 all of the assets of Rocketplane Kistler were acquired by Space Assets LLC, and a new company, Kistler Space Systems, was founded.[18] As of mid-2020 the company's website seems to have been abandoned.

See also

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References

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  1. ^"Home".rocketplanekistler.com.
  2. ^"Farewell, Rocketplane".www.newspacejournal.com. NewSpace Journal. 2010-07-07.Archived from the original on 2010-07-20. Retrieved2010-07-13.
  3. ^Banke, Jim (23 July 2003)."Kistler Aerospace Files for Chapter 11 Bankruptcy Protection".Space.com. Archived fromthe original on 2010-03-07. Retrieved2010-07-13.
  4. ^"Program that's fine-tuned to accelerate your work - ASCEND Space Event".ASCEND. Retrieved2021-05-26.
  5. ^Berger, Eric (2021).Liftoff.William Morrow and Company. p. 108.ISBN 978-0-06-297997-1.
  6. ^abCooper, Scott (7 July 2010)."Rocketplane, which received $18 million in Oklahoma tax credits, filed for bankruptcy last month".Oklahoma Gazette. Archived fromthe original on 2010-07-11. Retrieved2014-02-06.
  7. ^Jones, Thomas D. (December 2006). "Techwatch-Resident Astronaut".Popular Mechanics.183 (12): 31.ISSN 0032-4558.
  8. ^"NASA selects crew, cargo launch partners". Spaceflight Now. 18 August 2006.Archived from the original on 5 May 2022. Retrieved2007-09-02.
  9. ^Braukus, Michael; Dickey, Beth; Humphries, Kelly (18 August 2006)."NASA Selects Crew and Cargo Transportation to Orbit Partners" (Press release).NASA. 06-295. Archived fromthe original on 12 October 2006. Retrieved23 October 2023.
  10. ^Boyle, Alan (18 August 2006)."SpaceX, Rocketplane win spaceship contest".NBC News. Archived fromthe original on 29 October 2020. Retrieved2007-09-02.
  11. ^"Rocketplane Kistler and ATK Announce Agreement for K-1 Launch Vehicle and COTS Program"(PDF) (Press release). Rocketplane Kistler. 8 November 2006. Retrieved2007-09-02.
  12. ^Berger, Brian (1 August 2007)."NASA Shows Patience as Private Spaceflight Firm Hunts Financing".Space.com. Retrieved2007-09-02.
  13. ^Pasztor, Andy (2007-08-23)."Rocketplane Cuts Workforce As Financial Woes Mount". Wall Street Journal. Retrieved2007-09-02.
  14. ^Berger, Brian (September 7, 2007)."NASA Gives Rocketplane Kistler Termination Notice". Space.com.
  15. ^Dickey, Beth (October 17, 2007)."NASA to Open New Competition for Space Transportation Seed Money". NASA.
  16. ^abFoust, Jeff (2009-07-31)."Rocketplane's woes". Personal Spaceflight.Archived from the original on 4 August 2009. Retrieved2009-09-07.
  17. ^"No spaceships at Oklahoma's spaceport but they are welcome". The Oklahoman. 17 January 2010.Archived from the original on 20 May 2022.
  18. ^Kistler Space Systems News & Info

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