In 2020 COVID decimated Rolls Royce given their concentration of revenue associated with selling & servicing existing aero engines. They have yet to recover fr

In 2020 COVID decimated Rolls Royce given their concentration of revenue associated with selling & servicing existing aero engines. They have yet to recover from that era which saw a ~10x decrease in enterprise value and record losses. That said I would interpret this news as a "cut the $!@$! R&D bleeding in anything that won't be generating revenue in the next 4 quarters" vs a reflection on the feasibility or health of Boom's very early but very ambitious plans. (1) https://www.barrons.com/market-data/stocks/rycey https://www.barrons.com/market-data/stocks/rycey (2) https://www.reuters.com/business/autos-transportation/rolls-royce-boosted-by-return-flying-defence-demand-2022-05-12/ https://www.reuters.com/business/autos-transportation/rolls-... (3) https://simpleflying.com/rolls-royce-record-loss/ https://simpleflying.com/rolls-royce-record-loss/