 Raisbeck was the recipient of the prestigious Pathfinder Award, bestowed by Seattle's Museum of Flight in October 2007.In January 2008 he received the Lifetime Aviation Entrepreneur Living Legends of Aviation award in honor of his contributions in the field of aviation and aeronautics spanning a 50-year period.In 2011, Raisbeck was inducted into the International Air & Space Hall of Fame at the San Diego Air & Space Museum.