Kistler Aerospace Corp. will lay off the majority of its 25 employees by the end of October after its main financial benefactor opted to pull the plug on the company, which has spent over a decade and some $500 million trying to develop a reusable rocket. Blaming NASA's sluggish follow-through on a pledge to buy space station resupply services from the private sector, Douglas Teitelbaum, director of corporate bailout specialist Bay Harbour Management LLC, said he was "radically reducing" his investment in the Kirtland, Wasd-based company.
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