In reply to: There's some good and bad in Newspace posted by The Irish Cardinal
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.