European firm Astrium negotiates participation in Ad Astra Rocket

The European aerospace company Astrium negotiates a possible equity stake in the Ad Astra Rocket Company, which has operations in the United States and Costa Rica.

Obtaining such participation would return for the construction and financing of the platform structure that will house the Aurora space plasma engine in its initial testing in space.

“This is still in process, is a preliminary discussion. It is very characteristic among aerospace companies. This has to be approved by the Department of State (U.S.. UU.) And there are a number of requirements to meet because we are talking about space technology, “said Franklin Chang, a former astronaut who heads Costa Rican Ad Astra.

The negotiation is conducted with Astrium North America, Europe and Astrium subsidiary of the conglomerate EADS (European Aeronautic Defence and Space Company), which also involved Eurocopter, Airbus and Cassidian.

Franklin Chang added that the company was the one that expressed interest to participate in the capital of Ad Astra. “For us it is very interesting, this does not mean it is the only company that can do it. We see this as a great opportunity, “he said.

Aerospace firm Astrium is Europe’s largest. It employs around 17,000 people.

Ad Astra expects its plasma engine ready to go into space in 2015.

From that date evaluate the option of seeking funding in the U.S. stock market. For now, its resources come from retail investors and institutional investors Costa Ricans and largest investors in the United States.

In addition, Ad Astra began selling some services through its subsidiary AASEA. This activity reported annual revenues approaching $ 1 million.

Precisely this branch of the company works with the hydrogen-methane project would allow Recope Ad Astra contribute to reduce oil dependence, explained Oscar Luis Chaves, director Aldesa Investment, in an article in El Financiero.

Top