Reaction Engines Faces Bankruptcy Amid Spaceplane Challenges

British aerospace company Reaction Engines Ltd., known for developing the Synergetic Air Breathing Rocket Engine (SABRE) for spaceplanes, has filed for bankruptcy after failing to secure additional funding. The company, which entered administration on October 31, has laid off most of its 200 employees. PricewaterhouseCoopers will oversee the restructuring or liquidation process. Despite investments from major aerospace firms and government grants, the company struggled to advance its Skylon spaceplane project beyond the conceptual stage.