There is some speculation that Branson will end up with the assets after
bankruptcy with investors getting the short end.
Is it possible that a team could be put together that could operate profitably??
Sent from my iPhone
On Mar 31, 2023, at 7:45 AM, Matthew JL <prmattjl@xxxxxxxxx> wrote:
Inclined to agree - VO had an ultimately weak business case and the capex to
support air launch probably made them extra vulnerable to The Squeeze.
Next 5 years will have a lot of closings and/or consolidation. Could see a
GM-like conglomerate happening.
On Fri, Mar 31, 2023 at 7:07 AM Jonathan Adams <jonadams2002@xxxxxxxxx>
wrote:
The news has just broken that VO will cease operations and lay off 85% of
its workforce after failing to secure fresh funding. It’s hard to imagine
the staff they’re keeping will be doing anything other than caretaking until
dissolution.
And to think they were one of the ones to actually make it to orbit...
It’s been said here before that the market can’t sustain the number of space
startups around today, so maybe this is just the first domino to fall.
-Jon
