For about a decade now, the British Bloodhound Supersonic Car (SSC) effort has been working on a rocket-powered car it hopes to use to smash the vehicular land speed record, currently held by the 763-mph Thrust SSC with a 1,000-plus mph run. We’ve followed the program’s progress on and off over the years; one of the recent milestones, for example, was a 200-mph test last October. It was supposed to be the overture to an 800-mph run in 2019 and the big 1,000-mph run on a dry lake bed in South Africa in 2020.
But the ambitious project, which would be propelled by a combination of jet and rocket power, has hit a snag: It’s run out of money and entered administration — roughly speaking, the U.K.’s version of chapter 11 bankruptcy. This isn’t necessarily the end of the road for the effort, so don’t start searching eBay for scrap parts just yet. But to keep the wheels turning, the organization needs £25 million, or roughly $32.5 million, the sooner the better.
In a statement, Andrew Sheridan, one of the administrators of the Bloodhound SSC operation, said:
“Whilst not an insignificant amount, the £25m Bloodhound requires to break the land speed record is a fraction of the cost of, for example, finishing last in a F1 season or running an Americas Cup team. This is an opportunity for the right investor to leave a lasting legacy. We are already in discussion with a number of potential investors and would encourage any other interested party to contact us without delay.”