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...Conestoga I was itself an anomaly. Never before had a U.S. corporation built and launched its own rocket into space. "Long live free enterprise!" shouted some of the 300 giddy spectators, dozens of them investors in the project, who gathered on a Matagorda Island cow pasture to cheer the takeoff. "It was just a glorious feeling," said David Hannah Jr., founder and chairman of Space Services Inc. of America (SSI), the two-year-old company that financed (for $2.5 million) and flew the free-enterprise rocket. "We met the objective in picture-book style...

Author: /time Magazine | Title: Outer-Space Entrepreneurs | 9/20/1982 | See Source »

...doubt about it, Dick Davenport is plenty steamed. Husband of Congresswoman Lacey Davenport in Garry Trudeau's Doonesbury comic strip, he discovered last week that U.S. Secretary of the Interior James Watt plans to open Davenport's beloved Matagorda Island Wildlife Refuge in Texas to developers. "Watt can't do that!" fumes the courtly Davenport, his straw boater slightly askew. "It's outrageous and unconscionable!" So furious is he that, "as secretary of the Maryland Audubon Society, I'm seriously thinking of demanding Watt's resignation in our next newsletter...

Author: /time Magazine | Title: A Wilderness of Lawsuits | 9/14/1981 | See Source »

...company's Percheron rockets, named after a French draft horse, is being built in a Sunnyvale, Calif., plant by 17 engineers, some of them former employees of NASA. This week the device will be loaded aboard a flatbed truck and hauled to a launch pad at Matagorda Island, about 50 miles northeast of Corpus Christi, Texas, a site that NASA once considered for launches. After testing the prototype, the company hopes to conduct its first orbital flight next year...

Author: /time Magazine | Title: Free Enterprise Space Shot | 6/29/1981 | See Source »

...minor Agriculture officials came to light. The men were office managers for the Agricultural Stabilization and Conservation Service-the agency embroiled in Billie Sol's fraudulent cotton-allotment dealings. They were ousted in connection with $28,000 worth of illegal rice-allotment sales in Texas' Brazoria and Matagorda counties over the past three years. Both cotton and rice allotments are valuable, since without them farmers are subject to unprofitably stiff penalties for planting and marketing-but their sale is distinctly illegal. Smarting at the new scandal. Freeman turned the case over to the FBI. The big question: Will...

Author: /time Magazine | Title: Investigations: Company for Billie Sol | 7/13/1962 | See Source »

...Orleans, Joe W. Brown's three-year-old Matagorda established himself as a top contender for the Kentucky Derby by winning the $46,450 Louisiana Derby by 1½ lengths...

Author: /time Magazine | Title: Sport: Scoreboard, Mar. 23, 1953 | 3/23/1953 | See Source »

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