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[b]XCOR to unveil design of new suborbital space vehicle[/b] In a classic David and Goliath story, XCOR Aerospace, an innovative firm with a proven track record of building safe rocket-powered vehicles, is taking on the competition to carve out a share of the potential $700 million dollar per year suborbital space travel industry. On Wednesday, March 26, XCOR Aerospace, of Mojave, CA, will unveil its design for a low-cost suborbital spaceship. The announcement puts the company in direct competition with Sir Richard Branson's Virgin Galactic, and European Aerospace and Defense Systems (EADS)'s Astrium division, known for building the Ariane rocket. XCOR is smaller than its competitors, but has significant competitive advantages. The company is the only one of the three that builds fully reusable long-lasting rocket engines that emphasize safety, minimal environmental impact, and low operating costs. In addition, only XCOR has developed and safely flown two different manned reusable aircraft powered by rocket engines. The press conference will include presentations from XCOR CEO Jeff Greason, XCOR investor Esther Dyson, and XCOR test pilot (and former astronaut) Col. Rick Searfoss (USAF ret.). They will unveil the vehicle's design, the date it is expected to fly, and describe the features that will allow its operators to offer flights to the edge of space at rates their competitors will find hard to match. They will also discuss the design features that allow this craft to minimize its environmental impact: non-toxic propellants, clean-burning efficient engines, and a fully reusable system.
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