Summary
Reaction Engines, a UK-based company, developed a new engine technology intended for space planes. Despite progress, the company failed due to financial difficulties and lack of investment, resulting in its closure at the end of October 2024.
Key Facts
- Reaction Engines worked on engine technology for a reusable space plane starting from the 1980s.
- The key technology was a heat exchanger aimed at cooling air entering the engine at very high speeds.
- The UK Ministry of Defence and Rolls-Royce were involved in hypersonic research with Reaction Engines.
- The project struggled to secure the funds needed to continue development by the end of 2024.
- Rolls-Royce decided to prioritize other projects, contributing to the company's downfall.
- The company's closure affected about 200 employees, leading to immediate layoffs.
- Employees had a farewell gathering to mark the closure of the company.
