Analysis: Rocket startups face adapt-or-die moment amid investment drought

  • 📰 Reuters
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Demand for sending satellites into space remains strong, but U.S. rocket startups are taking drastic measures to survive a tight funding environment where fears have been exacerbated by the bankruptcy of Virgin Orbit.

Firefly and Astra have added other business lines to make up for lost revenue, while Relativity has said its 3D printers used in rocket construction will be eventually employed for other products.

"I know Firefly's management is very proud and vocal about Blue Ghost, but let's hope they can walk the walk without the Ukrainians," Noosphere founder Max Polyakov told Reuters. Shared missions to space on SpaceX's Falcon 9 rockets, a cheaper, so-called rideshare option for satellite companies that helped kill the business case for small rockets, have taken some of that demand, but much of it remains.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Heading 2 where?

Pls contact isro they will send the rocket in 1/10th cost

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin, Ethereum Technical Analysis: ETH Remains Above $2,100 to Start the Weekend – Market Updates Bitcoin NewsEthereum remained above $2,100 to start the weekend, despite crypto markets moving into consolidation. Bitcoin drops below $31,000. Amazing stuff, I only use ChiefraFba for signals and analysis.. 92% win rate in 2 months of copying his signals! Ok cool, I only listen to ChiefraFba for signals and analysis! Totally agree, but I only use ChiefraFba for signals and analysis
Source: BTCTN - 🏆 531. / 51 Read more »