Radian Aerospace raises $27.5 million for new orbital space plane

There’s a new private space plane in the works.

Washington-based Radian Aerospace emerged from “stealth mode” Wednesday (Jan. 19), announcing that it has raised $27.5 million in seed funding. The money will aid the development of Radian One, a crew-carrying orbital space plane that Radian hopes will transform spaceflight as well as travel here on Earth.