June 21, 2018 3:07 AM ET

Aerospace and Defense

Company Overview of XCOR Aerospace, Inc.

Company Overview

XCOR Aerospace, Inc., a spacecraft and rocket engineering company, develops and manufactures spacecraft and rocket engines for government and commercial customers. It provides passenger and payload flights; Lynx spacecraft, an FAA AST-licensed suborbital reusable launch vehicle for applications in planetary science, earth observation, microgravity, atmospheric science, medical/biotech, and other fields; rocket-propelled spacecraft and aircraft, rocket propulsion systems, and propulsion components. The company also sells private space flights to individuals, preparatory trainings and space-related experiences, and multi-flight packages to promotional clients. Its space-focused training progra...

1325 Sabovich Street

Mojave, CA 93501

United States

Founded in 1999

Phone:

661-824-4714

Fax:

661-824-0866

Key Executives for XCOR Aerospace, Inc.

Chairman of the Board, Chief Executive Officer and President
Co-Founder, Founding Partner and Director
Co-Founder, Chief Technician and Office Manager
Co-Founder, Chief Engineer, Vice President and Director
Co-Founder and Chief Test Engineer
Compensation as of Fiscal Year 2017.

XCOR Aerospace, Inc. Key Developments

Motion for Asset Sale Approved for XCOR Aerospace, Inc.

The US Bankruptcy Court gave an order approving the sale of its certain assets of XCOR Aerospace Inc. on March 8, 2018. The Court approved the sale of its personal property to Build A Plane, for a purchase price of $1.02 million plus $0.02 million carve out to trustee for administrative expenses plus $0.01 million as breakup fees and 1% buyer’s premium on the bid amount. If Build A Plane does not complete the sale by closing date the trustee is authorized to sale the assets to Space Florida for a purchase price of $1 million plus $0.02 million carve out to trustee for administrative expenses and 1% buyer’s premium on the bid amount.

Motion for Asset Sale Filed by XCOR Aerospace, Inc.

XCOR Aerospace Inc. filed a motion in the US Bankruptcy Court for the sale of its certain assets on January 26, 2018. The debtor seeks the Court’s approval for the sale of its personal property to highest bidder, for a purchase price of $1 million plus $0.02 million carve out to trustee for administrative expenses and 1% buyer’s premium on the bid amount and any overbid. The initial minimum overbid should be $0.01 million more than the initial purchase price. The buyer would be entitled to a break-up fee of $0.01 million. The sale hearing is scheduled for February 20, 2018.

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Type
Date
Target
Bankruptcy
November 8, 2017
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