Close Menu
New York Examiner News

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Another Blue State Casualty: In-n-Out President Lynsi Snyder Announces Family and HQ Leaving California for Tennessee | The Gateway Pundit

    July 19, 2025

    Meat eaters push back on new study that claims vegetarians value power more than others

    July 19, 2025

    Gear News of the Week: Chrome OS Will Merge With Android and Sony Surprises With a New Camera

    July 19, 2025
    Facebook X (Twitter) Instagram
    New York Examiner News
    • Home
    • US News
    • Politics
    • Business
    • Science
    • Technology
    • Lifestyle
    • Music
    • Television
    • Film
    • Books
    • Contact
      • About
      • Amazon Disclaimer
      • DMCA / Copyrights Disclaimer
      • Terms and Conditions
      • Privacy Policy
    New York Examiner News
    Home»Technology»The Private Equity Firm That Grounded Paul Allen’s Dream
    Technology

    The Private Equity Firm That Grounded Paul Allen’s Dream

    By AdminMay 21, 2022
    Facebook Twitter Pinterest LinkedIn WhatsApp Email Reddit Telegram
    The Private Equity Firm That Grounded Paul Allen’s Dream


    Hey, everyone. Elon now doesn’t want to buy Twitter because it can’t count its bots. You’d think an AI guy like him would let the robots speak.

    The Plain View

    Stratolaunch was based on a dream. Paul Allen, the unspeakably wealthy cofounder of Microsoft, had grown up in the thrall of space exploration, devouring books like the visionary rocketry tomes of science writer Willy Ley. In the early 2000’s, Allen funded a project known as Spaceship One, which snared the X-Prize as the first private venture to send a human into space. He later licensed the technology to Virgin Galactic, which built its own carrier vehicle to send Richard Branson into sub-orbital ecstasy. Meanwhile, Allen, frustrated with what he considered NASA’s timidity, decided to get back into the space business. He retained the legendary aircraft engineer Burt Rutan to design a giant carrier that could launch satellites and other spacecraft beyond the skies. With its twin fuselages and 385-foot wingspan, the Stratolaunch plane, later dubbed Roc, was a breathtaking spectacle in itself, doubly so because of its mission to lift its cargo to the heavens. In 2018, I trekked to the Mojave desert to see the world’s biggest airplane for myself.

    But when Allen died in November 2018, after a third bout of the lymphoma that had dogged him for decades, his space dream died as well. While Stratolaunch still lives, it has no designs on crossing the Karman line. It is now an unabashed defense contractor, specializing in what the UN Office for Disarmament Affairs called “a new and destabilizing strategic weapon”: hypersonic technology that propels programmed airborne craft at speeds of Mach 5 and above.

    Here’s how that happened. Upon his death, Allen’s holding company Vulcan, which included Stratolaunch, as well as sports teams and an AI think tank, fell to his sister Jodie. Apparently she had no wish to retain a space venture, offering Stratolaunch to buyers for $400 million, far less than her brother’s investment. It was unclear whether there would be any takers for the world’s biggest plane. Richard Branson, who chronically underplays Allen’s contribution to his own space venture, jokingly offered a dollar.

    But one mysterious buyer emerged: Cerberus, a private equity firm named after the mythical three-headed dog who guards the gates of hell. When Vulcan made the sale in October 2019, Stratolaunch not only withheld the purchase sum, but also who bought it; reporters discovered the identity through SEC reports some months later. Maybe that was because Cerberus, run by cofounder Stephen Feinberg, has some baggage. It once tried to create a personal weapons juggernaut called Freedom Group by scooping up arms makers like Remington and Bushmaster. In 2012, Cerberus tried to divest itself of the group after a mass murderer used a Bushmaster to slaughter 20 schoolchildren and six teachers at Sandy Hook; ultimately it shifted the assets to its Remington company, which declared bankruptcy in 2018. On top of all that, Feinberg once reportedly joked that if any of his employees had their picture in the paper, “We will do more than fire that person, we will kill him.”

    After buying Stratolaunch in late 2019, the private equity firm bulked up the workforce from 13 employees to more than 250 and refocused the company’s mission specifically on hypersonic vehicles. These had been considered as potential payloads during the Allen era, but they were secondary to satellite-launching and a possible manned vehicle called Black Ice. Using a carrier vehicle for hypersonic craft has its advantages; Roc can launch its rocket-propelled cargo over the ocean, where the ear-crushing sonic boom wouldn’t be so disruptive. Feinberg himself is knowledgeable about the defense establishment and served under Donald Trump as the head of the President’s Intelligence Advisory board. In December 2021, Stratolaunch won a contract from the Missile Defense Agency for a feasibility study on how the US might take countermeasures against hypersonic attacks. Stratolaunch is building its own hypersonic missiles, codenamed Talon. The first is intended for a single launch—after the test it will drop into the ocean. The second is a reusable hypersonic vehicle that will retain the key data after tests. For now, the intent is defensive, to mimic the behavior of potential attack missiles. But Stratolaunch doesn’t rule out a future role in creating offensive hypersonic weapons.



    Original Source Link

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Email Reddit Telegram
    Previous ArticleCovid-19 news: UK set to offer autumn boosters to the most vulnerable
    Next Article ‘SNL’ Stampede: Pete Davidson, Kate McKinnon, Aidy Bryant, Kyle Mooney Reportedly Exiting

    RELATED POSTS

    Gear News of the Week: Chrome OS Will Merge With Android and Sony Surprises With a New Camera

    July 19, 2025

    ServiceNow’s acquisition of Moveworks is reportedly being reviewed over antitrust concerns

    July 18, 2025

    Lelo Ora 3 Review: A Tongue Stimulator

    July 18, 2025

    Anthropic tightens usage limits for Claude Code – without telling users

    July 17, 2025

    Where Are All the AI Drugs?

    July 17, 2025

    OpenAI and Anthropic researchers decry ‘reckless’ safety culture at Elon Musk’s xAI

    July 16, 2025
    latest posts

    Another Blue State Casualty: In-n-Out President Lynsi Snyder Announces Family and HQ Leaving California for Tennessee | The Gateway Pundit

    Image: Creative Commons Attribution 2.0 Generic license./By Wendy Berry After 77 years in California, In-n-Out…

    Meat eaters push back on new study that claims vegetarians value power more than others

    July 19, 2025

    Gear News of the Week: Chrome OS Will Merge With Android and Sony Surprises With a New Camera

    July 19, 2025

    Einstein Showed That Time Is Relative. But … Why Is It?

    July 19, 2025

    After 21 Episodes, Apple TV+’s Foundation Adaptation Finally Introduces A Book-Accurate Version Of Hari Seldon

    July 19, 2025

    Kourtney Kardashian Claps Back At Rumors She Is Pregnant

    July 19, 2025

    The Complete Guide To Panama Hats

    July 19, 2025
    Categories
    • Books (651)
    • Business (5,557)
    • Events (8)
    • Film (5,496)
    • Lifestyle (3,603)
    • Music (5,565)
    • Politics (5,546)
    • Science (4,907)
    • Technology (5,488)
    • Television (5,163)
    • Uncategorized (6)
    • US News (5,543)
    popular posts

    Metallica’s “Master of Puppets” Enters Billboard Songs Chart for First Time After Stranger Things Placement

    Metallica are the latest beneficiaries of the Stranger Things bump. The band’s 1986 song “Master…

    Samsung’s quarterly profit hits 8-year low amid weak demand for memory chips, smartphones • TechCrunch

    January 6, 2023

    New U.S. Aid For Ukraine By Year-End Seems Increasingly Out Of Reach As GOP Ties It To Border Security

    December 10, 2023

    Meta COO Sheryl Sandberg is stepping down

    June 1, 2022
    Archives
    Browse By Category
    • Books (651)
    • Business (5,557)
    • Events (8)
    • Film (5,496)
    • Lifestyle (3,603)
    • Music (5,565)
    • Politics (5,546)
    • Science (4,907)
    • Technology (5,488)
    • Television (5,163)
    • Uncategorized (6)
    • US News (5,543)
    About Us

    We are a creativity led international team with a digital soul. Our work is a custom built by the storytellers and strategists with a flair for exploiting the latest advancements in media and technology.

    Most of all, we stand behind our ideas and believe in creativity as the most powerful force in business.

    What makes us Different

    We care. We collaborate. We do great work. And we do it with a smile, because we’re pretty damn excited to do what we do. If you would like details on what else we can do visit out Contact page.

    Our Picks

    Kourtney Kardashian Claps Back At Rumors She Is Pregnant

    July 19, 2025

    The Complete Guide To Panama Hats

    July 19, 2025

    Think Like a Business Tycoon: Strategy That Scales

    July 19, 2025
    © 2025 New York Examiner News. All rights reserved. All articles, images, product names, logos, and brands are property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Terms & Conditions and Privacy Policy.

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT