3 ms·
This soon may change, as Aerospace SPACs have been unable to create profit. The latest quarterly earnings have reported losses across the board. SpaceX may be a
by tunap 4y ago
This soon may change, as Aerospace SPACs have been unable to create profit. The latest quarterly earnings have reported losses across the board. SpaceX may be an outlier(IDK if they are profitable or the role Gov subsidies make), but for the rest, balance sheets are all bleeding red. As they have for over a decade.
Parabolic arc site is 1001 right now, best I found was a dated WSJ article that precedes significant current reports & events:
https://archive.ph/Jgo9F https://archive.ph/Jgo9F
edit:remove3d naive opinion.
- alsodumb 4y agoI think people should stop calling government contracts as government subsidies - it is misleading on so many levels. Did SpaceX get money from NASA during Falcon development? Yes! But so did Boeing, ULA, Lockheed Martin on tons of projects. Did NASA save a ton more money compared to their investment in SpaceX thanks to cheaper launch costs? Also YES! Not just NASA, every government body that needed launch services (including DoD, NOAA, NRO) saved money with SpaceX compared to ULA launches.
- tunap 4y agoFair enough. I believe SpaceX is the outlier in that space, regardless. Pun intended. Parabolicarc is now back online w/ a new site overhaul. This is the particular article that I was referring to: http://parabolicarc.wpengine.com/2022/10/26/space-spacs-the-reckoning/ http://parabolicarc.wpengine.com/2022/10/26/space-spacs-the-...