News

Forbes drops list of largest U.S. private companies, and 16 are from Texas

Seven North Texas firms are on this year's  list of largest privately owned companies in the U.S., according to the 2016 ranking by Forbes.

Computer giant Dell is the state's highest ranking private company by revenue, checking in at No. 4 overall. The Round Rock-based technology hardware company had revenue of $54.9 billion. Dell recently sold its Plano-based information technology services division to NTT Data, a global technology services company.

XCOR announces launch partnership in Scotland

By Trevor Hawes thawes@mrt.com

Midland-headquartered XCOR Aerospace, Scotland-based Orbital Access and Glasgow Prestwick Airport are partnering to further pursue manned space launches.

According to a press release, the trio announced Tuesday at the Farnborough International Airshow their agreement to facilitate horizontal takeoffs and landings at Prestwick using XCOR’s Lynx suborbital spaceplane, which is still in development.

Aye, Lad! Glasgow Prestwick Spaceport, XCOR And Orbital Access Limited Sign On For Scottish Manned Space Launch

A strategic Memorandum of Understanding (MoU) has been signed by companies from the US and Scotland taking them a step closer to Scottish manned space launch. The US manned space launch vehicle designer XCOR Aerospace has signed with spaceplane design and operating company Orbital Access Limited and Glasgow Prestwick Spaceport. This partnership is supported by Scottish Enterprise, the Scottish Government’s economic development agency. 

XCOR Closes Strategic Partnerships for Scottish Space Launch

US manned space launch vehicle designer XCOR Aerospace has signed a strategic Memorandum of Understanding (MoU) with spaceplane design and operating company Orbital Access Limited and Glasgow Prestwick Spaceport. This partnership is supported by Scottish Enterprise, the Scottish Government’s economic development agency.

The MoU paves the way for the establishment of manned launch services at Prestwick using XCOR’s Lynx spacecraft with support from existing Scottish aerospace organisations.

The 2016 Sustainability Rankings Redefine Ecosystems

What if the term “ecosystem” were an accurate description of your company or region, rather than a wrung-out business metaphor?

That proposition lies behind Site Selection’s 2016 Sustainability rankings.

Reprising and upgrading rankings we published every summer from 2010 through 2013, this data-rich, one-of-a-kind index balances a number of factors comprising cleantech and green industry activity, energy awareness, the built environment, redevelopment of polluted sites, policy, and human well-being and quality of life.

Spaceport Business Park gets closer to construction

By Trevor Hawes thawes@mrt.com

Midland Development Corp. board members voted to release $3 million to Midland Spaceport Development Corp. during a special meeting Monday morning at City Hall.

The money will go toward funding Phase 1 of building Spaceport Business Park at Midland International Air & Space Port. Construction in this phase includes the extension of water and sewer to future tenants, as well as paving roads and building entrance points to the business park.

The 10 US cities with the largest share of upper-class residents

The American middle class is shrinking, and consequently, the lower- and upper-income tiers are gaining share.

In a May 2016 report, the Pew Research Center found that between 2000 and 2014, the share of upper-income adults increased in 172 of the 229 US metro areas it analyzed.

The report also highlighted the 10 areas with the largest upper-income populations, which were mostly in the northeast region or on the California coast.

10 Best Cities for Young Entrepreneurs

Starting a business at a young age can be challenging. But if you have a strong community around you, it can be much easier. The city or community in which you decide to start your business can make all the difference. But the cities you might immediately think of when choosing a business location may not be the best choices for young entrepreneurs.

Progress continues on Midland’s newest industry

Krysti Papadopoulos, payload engineer with XCOR Aerospace, told a gathering at the Petroleum Museum’s monthly Lunch and Learn program that Midland’s history in exploring for natural resources makes space exploration a natural fit for the Tall City.

Another benefit is that the area’s numerous engineers and technicians have skills that can easily transfer to aerospace.

Space tourism projects at a glance

[XCOR Aerospace] has spent years developing a rocket plane named Lynx that is intended to be capable of making multiple flights each day with a pilot and one passenger aboard.

Unlike Virgin Galactic's SpaceShipTwo, the Lynx will take off under its own power from a runway, climb toward space and then glide back to a runway landing. XCOR also plans flights surpassing an altitude of 62 miles.

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