The company, which has 75 employees, is valued at about 100 millions. For software company in California, this level of valuation aproximately corresponds to

The company, which has 75 employees, is valued at about 100 millions. For software company in California, this level of valuation aproximately corresponds to "aqui-hire" - when the technology is uninteresting, but people can be used. For aerospace company like Reaction Engines with track record of their founders and results which are being discussed, with all potential opportunities... It looks strange.