Craig Bouchard, formerly part of the executive team of the stalled Braidy Industries (now Unity Aluminum) project in Kentucky, has reemerged as the co-chair of the board of Space Railway Corp.
The Dallas-based company describes itself as working toward developing a “space transportation infrastructure [that] is scalable in its numbers and size. It will have the ability to provide railway-like efficiencies in delivering passengers and payload through our solar system.”
In a biography posted to the Space Railway Corp. website, Bouchard is described as having “co-founded three metals companies that achieved over $1 billion of revenue within 18 months. The first, Esmark grew from $4 million of revenue in 2003 to nearly $4 billion in 2008, becoming the highest appreciating stock on the New York Stock Exchange or Nasdaq for the full year 2008.”
West Virginia-based steelmaker Esmark was acquired in August 2008 by Russia-based OAO Severstal. The Russian metals firm paid $775 million for Esmark’s steelmaking, service center and coking coal assets. Six years later, Steel Dynamics Inc. paid more than $1.6 billion for one of those mills (in Mississippi) while the former AK Steel paid $700 for another mill, in Michigan.
From 2017 to February 2020, Bouchard was the chair and CEO of Braidy Industries. That firm announced its intention to build a $1.3 billion aluminum plant in Kentucky. It attracted a $15 million investment from the Commonwealth of Kentucky and a potential $200 million commitment from Russian metals producer Rusal.
On its website, Space Railway Corp. seems to indicate it will require considerable investor backing. “America needs a transformational system that provides the frequency, safety, and cost to efficiently move payload and passengers into orbit and beyond—or lose its preeminence in space,” the company says. “It will entail a second ‘moon shot’ level effort worthy of our people and ingenuity.”