This is an excellent overview. Part of me says to look on the bright side though, and see that at least, and finally, significant capital is flowing into riskier space sector technology of all sorts, and that will be good for the sector, if not for any individual companies and investors.
But the glass-half-empty part of my sentiment says that the real challenge for these start-ups is revenue, which is to say market creation and growth. Investors since the days of Amazon (or Uber today, among others, etc.) maintain their enthusiasm when they see revenue and growth, even with no profit, even with major billion dollar losses.
All these companies need to produce, on a tempo consistent with the initial dollar enthusiasm of the SPAC. Otherwise, Houston, we have a problem.
This is an excellent overview. Part of me says to look on the bright side though, and see that at least, and finally, significant capital is flowing into riskier space sector technology of all sorts, and that will be good for the sector, if not for any individual companies and investors.
But the glass-half-empty part of my sentiment says that the real challenge for these start-ups is revenue, which is to say market creation and growth. Investors since the days of Amazon (or Uber today, among others, etc.) maintain their enthusiasm when they see revenue and growth, even with no profit, even with major billion dollar losses.
All these companies need to produce, on a tempo consistent with the initial dollar enthusiasm of the SPAC. Otherwise, Houston, we have a problem.