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XCOR Raises $14 Million in Investment Capital, Plans to Build in Midland

A commercial space company, with plans to build in Midland, landed a multi-million dollar investment from a Dutch group.
MIDLAND, TX (Local Big 2 News) - A company with plans to build a research center in Midland is building its resources to the tune of $14 million dollars.

XCOR Areospace, raising $14.2 million dollars worth of investment capital, led by Dutch investors.

The company plans to use the money to launch their suborbital spaceplane, the "XCOR Lynx", to market, according to its website.

Officials say a second, smaller investment closing is expected later this summer.
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