XCOR Receives money from Boston Angles

The Boston Harbor Angels, a group of 36 angel investors, has invested in XCOR Aerospace. According to Aleksandar Mollov, the groups managing director, XCOR impressed them by:

XCOR's development strategy, which focuses on going after government contracts that move the company closer to creating its own commercial space vehicle. XCOR has worked on methane-powered rocket technology for NASA, and was recently awarded an Air Force contract to design a rocket-powered supersonic vehicle that can reach altitudes of 200,000 feet.

Congratulations XCOR!