Swiss Space Systems declared bankrupt


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Swiss Space Systems, which only a few years ago appeared to be on the cusp of competing successfully in the new space industry, was declared bankrupt on December 14.

The biggest factor to the company’s failure could be the attack that occurred against the company’s president in September, of which it appears he has not completely recovered. The attack itself remains unexplained, but before the attack the president had received threats, and the company’s offices were broken into and vandalized.

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