Rocketplane in Bankruptcy


Rocketplane, a pioneer in the space tourism industry has filed for Chapter 7 bankruptcy protection last month in Wisconsin, where it relocated after shutting down its operations in Oklahoma. The company, started by CEO George French, was initially based in Oklahoma’s Will Rogers World Airport with its hangar at Oklahoma Spaceport in Burns Flat.

In addition to filing bankruptcy for Rocketplane, CEO French filed bankruptcy for himself also, plus 2 other associated companies, namely Rocketplane Global and Rocketplane Kistler. In bankruptcy papers, French was listed to have debts of about $8.2 million, Rocketplane’s debts amounted to some $3.7 million, Rocketplane Global debts came up to $2.6 million and finally Rocketplane Kistler owes about $7.4 million.

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