this post was submitted on 09 Jun 2025
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Technology

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38
The British jet engine that failed in the 'Valley of Death' (www.bbc.com)
submitted 3 days ago by Allah@lemm.ee to c/technology@lemmy.world
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Richard Varvill reflects on the emotional collapse of Reaction Engines, a UK aerospace firm that developed cutting-edge heat exchanger tech for hypersonic flight.

Originating from the 1980s Hotol project, the company came close to success but failed in late 2024 due to a lack of funding, despite promising tech and support from major investors like Rolls-Royce.

Staff were devastated, with many in tears during the final announcement. Former team members take pride in the innovation and culture, though regret the mission remains unfinished.

The company’s closure highlights the harsh reality of funding gaps in long-term aerospace ventures

“we failed because we ran out of money.”

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[–] Allah@lemm.ee 3 points 3 days ago* (last edited 3 days ago)

it also said in the article

What lessons can we draw for other high-tech ventures? "You definitely have no choice but to be optimistic," says Mr Dissel.

it makes sense why people hype up tech, if they all remain down to earth then they won't get any where, i hope more people on internet understood this

a similar adage was said by the planned obsolesce of bulb video of a scientist