In reply to: I just can't get into new space posted by Ravenium
There's a huge amount of activity there, but they all seem to be focused on the same customers with novelty technology that isn't clear if it will really give some substantial benefit.
To your point, fundamentally rewriting the economics of getting to space, both LEO and beyond, is worthy of both celebration and optimism for what could be next.
But it goes beyond that. Some of these companies are simply a cash grab. They have no intention of completing the task they state to the VCs when fundraising.
In two companies that I'm familiar with, the products would fundamentally violate the laws of physics. For one in particular, it's likely a front to produce a similar tech that could be used for more...nefarious purposes.
Get something out there, and figure out how to make money on it later. Access to LEO is so cheap now, high schools are launching microsatts.
...there were 165 “satellite” companies out there. Maybe one or two would make it. Reference OneWeb going tits up, and they were well capitalized!
Talk about a financially well-run company. They kept their head down, paid off debt, and are now planning to pay out a dividend. I found it impressive as you hear so little about them as compared to the big Telco plays.
Or the computer. It fills an entire floor after all.