Project Bloodhound SSC axed
You need a lot of money when creating a 1,000mph car, yet it's dried up!
We bring sad news today on DriveTribe, as the Bloodhound SSC Project has come to a close.
Even with amazing test runs hitting speeds of 200mph, with the power of a Rolls-Royce Eurojet engine and all the best will in the world, has been axed to a lack of funding. The Bristol-based team who was behind the car was aiming to beat the land speed world record of 763mph.
To carry on with tests and finally racing the car, they needed a grand total of £25 million, even with the backing of the public and engagement with investors, it looks like it wasn't possible to get the target number. Now the owners of the Bloodhound project are looking to sell on the remaining assets of the company.
The plan was to take the Bloodhound SSC to South Africa, where a massive 18km-long track at Haskeen Pan had been prepared for the run.
It's sad that it will never happen.