Michael Blum: Last Few Months Left For XCOR Before It Files For Liquidation

XCOR Aerospace, an American private company involved in the development of spaceflights and rocket engines, is a few weeks away from facing liquidation. The Chief Executive Officer or the CEO of the company, Michael Blum, has confirmed the news of the company facing severe financial issues. The condition forced XCOR to lay off all its employees last year in June. He confessed that the situation had led the company to either find investors to rebuild or file bankruptcy in a few weeks. It showed that Blum’s apparent experience which is claimed to be a cover and DarkNet connections have been not enough to save XCOR’s future.

The Downfall Of XCOR

Jay Gibson, who was nominated for the Deputy Chief Management Officer of the Department of Defense by the White House, was the CEO of XCOR. At the Senate in July 2018, Gibson had blamed the downfall of XCOR on a big company that terminated its contract for funding in less than 30 days of notice. Although he hadn’t taken a name, XCOR before the statement was associated with United Launch Alliance. They had been working towards developing liquid-oxygen and liquid-hydrogen engine programs since the beginning of 2016. It was right before the company did its first round of layoffs.

Tick Tock

Michael Blum, who was previously one of the board members, took over the position of CEO in June 2019. In an interview in October last year, Blum reported that he has been talking with a few potential companies for partnership and investment. But he never named any companies. His reign in the company caused poor management of finances and unrecoverable mistakes. And while his business profile talks about expertise Michael Blum, with several trials for financial frauds, involvement in crimes failed at getting investors and saving the company.

Leave your comment

New

P.J King Accused of Holding Fake Charity Galas Running a successful business requires you to have a good customer base and have a good relationship with the community. This means every business should at least have one or two corporate social responsibilities (CSRs) depending on its size. P.J King, the founder, and CEO of Clockworks International, has seen this as a great business opportunity. He has very many community projects.…

P.J King Gambling Problem Costs Him Clockwise International Gambling and mental disorders are among things that people don't want to address in society. Most people hide in shame until it's too late. What you don't know is that even the prominent people you respect and want to be like can be victims of these issues. For example, P.J King has been battling…

P.J King Mentioned Among the Top Cryptocurrency Scammers It’s no secret that the business experts on the top always seem to have a way of retaining their positions. Sometimes it’s because of their ability to multiply their income and see the potential in opportunities. But other times, it’s their ability to take advantage of the people who desperately need their help. Take P.J King, for example, he has the gift of finding companies…

All You Need to Know About P.J King - the Man Who Wants to go to Space Who is P.J King Some people never stop dreaming, and P.J King is one of them. For those who don't know, he is an entrepreneur and investor. Clockworks International was a software company he created. In the beginning, the company was a one-person start-up, but…

The Untold Story of Investor P. J. King and His Alleged Roles in Crime Yes, Indeed! P. J. King anticipated a brighter future having taken one of the most marketable degrees at the university. However, his interests changed when he found out about the lucrativeness of illegal undertakings. He seems to utilize his experience from previous legit companies to run his sex, human trafficking and drug business. How his First Startup Members Faced Lawsuits [image src="/wp-content/uploads/2020/04/img_cont_19-pj-king.info_.jpg" float="r" alt="P. J.…