Radian takes off to develop “world’s first” reusable spaceplane
Emerging from stealth last week with seed funding led by Fine Structure Ventures, the startup is engineering a spaceplane that can fly to space, perform a mission, return, refuel, and fly again almost immediately.
Radian Aerospace, the developer of what it calls the world’s first fully reusable horizontal takeoff and landing, single-stage-to-orbit spaceplane, recently emerged from stealth and announced it has closed $27.5 million in seed funding. Radian has been focusing on the design and development of what it says is a revolutionary aerospace vehicle that will fill the efficiency and capability gaps that exist with traditional vertical rockets.
The funding round was led by Fine Structure Ventures, a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments, with additional investment from EXOR, The Venture Collective, Helios Capital, SpaceFund, Gaingels, The Private Shares Fund,
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