Pulsar Fusion plans 500k MPH nuclear rocket
theengineer.co.uk
theengineer.co.uk
I’m inherently sceptical of anything deep tech trying to come out of England, and this article doesn’t ease that concern.
EDIT: It looks, at best, like a vanity project, and, most likely, a scam. The founder is a television personality [1]. Article claims the firm “currently produces chemical and electric propulsion systems for the aerospace and defence sectors,” yet they somehow have fewer than double checks £5,000 in fixed assets [2]. They hired this real estate and art advisory dude to raise capital for them in 2019 [3][4], who apart from two other individuals [5], is the main outside shareholder. The Princeton Propulsion Systems they’ve “partnered with” is crowdfunding $100,000 [6]. (The latter look marginally legit—I assume Pulsar signed a non-binding LOI with them. That or they’re the £300,000 [2] current liability Pulsar raised money from the real estate and art advisor this January [7] to extinguish.)
[1] https://en.m.wikipedia.org/wiki/Richard_Dinan
[2] https://find-and-update.company-information.service.gov.uk/c... see 4 February 2022
[3] https://www.dvadvisorygroup.com/
[4] https://find-and-update.company-information.service.gov.uk/c...
[5] https://find-and-update.company-information.service.gov.uk/c... See 8 February 2023 Confirmation Statement
[6] https://www.spacedventures.com/offers/princeton-satellite-sy...
[7] https://find-and-update.company-information.service.gov.uk/c... see 18 January 2023
Helion seems more fully baked, and more able to satisfy the due diligence of the people with loads of money.