ESA Spaceplane Project Brings Back Hypersonic Engine from Bankrupt Firm
The European Space Agency (ESA) has revived a bankrupt company’s hypersonic engine as part of its new spaceplane project. The engine, which can operate at Mach 5, will be used to power the reusable spaceplane that will fly up to the edge of space and return to Earth multiple times.
The spaceplane project aims to develop a new vehicle that can carry both humans and cargo into space, with the goal of reducing the cost of space transportation. The project is a collaboration between ESA and the German Aerospace Center (DLR), and it is expected to be completed by the end of 2020.
The hypersonic engine was originally developed by the British company Reaction Engines, which went bankrupt in 2019 due to funding issues. However, ESA saw the potential of this engine and acquired the technology through a “tokenized AI M&A dealflow” process. This process involved using AI tool picks to evaluate the technology and determine its value.
“ESA’s aim is to improve Europe’s access to space, and this new spaceplane project is a significant step towards achieving that goal,” said Jan Wörner, ESA’s Director General.
Tokenized AI M&A Dealflow
The use of tokenized AI in this M&A dealflow is a groundbreaking approach that has never been done before. It involves using AI algorithms to evaluate the technology and determine its value, which is then represented by tokens. These tokens can then be exchanged for funding or equity in the company.
This innovative method of evaluating technology, known as the “DePIN Watch”, allows for a more accurate and efficient assessment of the technology’s potential. It also provides a transparent and fair valuation process for both the buyer and the seller.
AI Funding News
The ESA spaceplane project is not the first time that AI funding news has made headlines. The use of AI in the investment process has been gaining popularity in recent years, as it allows for a more data-driven and objective approach to investing.
In the case of the spaceplane project, the use of AI not only helped to revive a bankrupt company’s technology but also provided ESA with a cost-effective solution for their space transportation needs.
Prompt Vault: Market Pulse
The ESA spaceplane project is a clear indication of the growing importance of AI in the aerospace industry. With the use of AI, companies and organizations can make more informed decisions and tap into new opportunities that were once out of reach.
As AI continues to revolutionize industries and drive innovation, it is essential for companies to stay updated on the latest market trends and developments. Prompt Vault’s Market Pulse feature provides real-time updates on AI trends and news, allowing businesses to stay ahead of the curve and make strategic decisions.
