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Bloodhound Project Saved From Cancellation, 1000 MPH Vehicle Wants To Hit Crazy Speed

A wealthy British entrepreneur has saved the Bloodhound Project from bankruptcy, allowing development of the insanely fast rocket car to continue.

Bloodhound Project Saved From Cancellation, 1000 MPH Vehicle Wants To Hit Crazy Speed

The Bloodhound Supersonic Car project has been saved from cancellation.

Last week, we reported that the current contender for the land speed record, the Bloodhound SSC, had gone into administration (the European version of bankruptcy) and was being sold off for the low price of a McLaren 720S. Why would you purchase one of the best supercars on the road when you could buy a car that’s powered by the same jet engine as found on the Eurofighter?

This week, we’ve got fantastic news! A wealthy British entrepreneur by the name of Ian Warhurst has swooped in to save the project. Now the Bloodhound can continue its push to set a new land speed record of 1,000 mph.

In a press release on their website, the Bloodhound Project revealed that Ian has been a lifelong fan and supporter of the rocket-and-jet-powered car (that’s right: it has both a jet and a rocket engine) and that he will be safeguarding the business and its assets going forward.

We weren’t told just how much money he’s dumping into the project, but as the BBC reported last week that Bloodhound needed a cash injection of $25 million just to keep going, we’re thinking it’s around that much.

RELATED: BLOODHOUND SUPERSONIC CAR CAN HIT 1,000 MPH & IS FOR SALE AT THE COST OF A MCLAREN

The Bloodhound SSC is one mean machine. Its core is built around a Eurojet EJ200 turbofan--the same kind that’s found in Eurofighter air superiority military aircraft--with a Jaguar F-Type R-sourced V8 engine providing auxiliary power. Then on top of all that, a hybrid rocket motor is strapped on to provide a grand total of 135,000 hp.

via Evo

Currently, the project still hasn’t fired off all three motors at once and is still undergoing shakedown tests to make sure the regular jet engine won’t rattle its way off the fuselage. Before going into bankruptcy, the plan had been to perform a 500 mph test run in 2019, and then shoot for the 1,000 mph record in the Bonneville salt flats in either 2020 or 2021.

The current record holder is the Thrust SSC rocket car, which was built and driven by the same speed demon as the Bloodhound SSC: Andy Green. Now that Green has secured a wealthy investor, his dream of beating his old record may one day finally come to fruition.

NEXT: 20 PEOPLE WHO 'TRIED' BUILDING ROCKET BUNNIES (IT DIDN'T WORK)

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