Armadillo Aerospace closes down.
The competition cools down: Armadillo Aerospace closes down.
It is important to recognize that developing a new private industry is not easy, and that many more companies will fail than succeed. That reality, however, does not prove that freedom and private enterprise are bad ideas, merely that they carry great risks.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
The competition cools down: Armadillo Aerospace closes down.
It is important to recognize that developing a new private industry is not easy, and that many more companies will fail than succeed. That reality, however, does not prove that freedom and private enterprise are bad ideas, merely that they carry great risks.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
Elon Musk has it down right, first become a multi billionaire and then start a space company. It gives you a lot more room to maneuver and a vast array of options.
I am truly sorry to see that Armadillo is in such trouble. They are one of the companies that I have been hoping would do great things.
Musk runs SpaceX as a business not a personally funded hacker space. It sounds like Armadillo has turned down work in order to focus on their main goal. Which is a mistake. Take a look at SpaceX whose main goal is passage to Mars. The services they supply today wont get you to Mars but keep the cash flow incoming so that Mars enabling technologies can be developed. Similar to some of these new asteroid mining companies whose first products will be satellites and the mining doesn’t happen until some time later.
Yup.
(At the risk of butchering this) I am going to call this the invisible hand of creative destruction, add in a dash of crony capitalism and all bets are off, it seems as though he is a little underfunded in this arena. R Cotour is correct on this one, their is a saying in aviation that says in order to become a millionaire in aviation you must first start with ten million!
Its funny how the investment community pays attention to proven and tested billionaires interested in creating new businesses. Nothing like extreme previous success to attract investment to a new venture. Cash flow is always the prime directive. No real cash flow at some point down the line, no bills paid, put the key in the door.
Musk succeeds in vision and implementation.
“correct on this one” Joe?
You will also be remembering me, my observations and my conclusions at some point in the future Joe. http://youtu.be/1bSiHIxMMD8
A company named Armadillo was bound to get run over.