The Radian One vehicle could transform spaceflight, company representatives believe.
Radian One is an ambitious vehicle. It's designed to launch and land horizontally on a runway, unlike NASA's oldorbiters, which landed horizontally but lifted off vertically with the help of solid rocket boosters.
The new space plane will be fully reusable and capable of spending up to five days in orbit, according to its newly unveiled. Rapid turnaround time is also part of the plan: Radian aims eventually to refly vehicles as soon as 48 hours after touchdown. Radian One is designed to carry people and payloads to and from orbit. But the space plane could also do a lot of work here on Earth; the plane will be able to deliver up to 5,000 pounds anywhere on the planet in less than an hour, Radian Aerospace representatives said.
Radian has not revealed many other details about the space plane — for example, its size, how many passengers it will be able to carry and when it's expected to start flying. Radian representatives said in Wednesday's press release that it has signed launch services agreements with a variety of private companies and government agencies, but it did not name any of those customers.
The new round of seed funding was led by the venture capital fund Fine Structure Ventures. A number of other investors chipped in, including Exor, The Venture Collective, Helios Capital, SpaceFund, Gaingels, The Private Shares Fund, Explorer 1 Fund and Type One Ventures, Radian representatives said.
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