Officials with the state agency regulating
Ken McGill, a member of the Oklahoma Space Industry Development Authority, told Oklahoma Gazette he has no worries about Rocketplane.
"I am fully aware of the situation and way things are going," he said.
In recent months, reports in the Gazette and other aerospace publications indicate the company, whose investors received an $18 million tax credit from the state, experienced setbacks. Among the issues:
Questions arose about the diverted funds since the company received $18 million in state taxpayer money to help build a suborbital tourism ship.
"George French told me it was his personal money that was diverted," McGill said of Rocketplane Chairman George French.
OSIDA Executive Director Bill Khourie said he is hopeful Rocketplane will speed up its operation.
"We're excited and want everyone to be successful," he said. "But as for scheduling, time lines will change. You have to be realistic, but we're optimistic."
However, McGill said he would be concerned if Rocketplane showed no signs of progress by the end of the year.
Should the state be concerned about its $18 million tax-credit investment? - Scott Cooper
More Rocketplane coverage:
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Texas rocket leaves Oklahoma soil, returns
Rocketplane beat to launch by Texas company
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