French rocket startup wins $16 million grant from French government
The French rocket startup Latitude has been awarded a $16 million grant from French government for development work on its proposed two-stage Zephyr orbital rocket, which is targeting 2025 for its first test launch.
Nor is this grant the only money the company has raised.
In January, Latitude announced that it had closed its Series B funding round, raising $30 million. In March, the company was one of four companies selected to receive a share of €400 million [$427 million] in subsidies from the French government. This funding is, however, only fully unlocked when the company completes its inaugural flight of Zephyr.
Though Latitude has obtained some private investment capital, it appears it is mostly relying on government funds. Under these conditions, it is unclear whether the rocket startup will be able to compete not only with the other new European rocket startups but with the rest of the world. Government funding is usually not well tied with profit or cost efficiency, and thus the company will have less incentive to develop a competitive rocket.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
The French rocket startup Latitude has been awarded a $16 million grant from French government for development work on its proposed two-stage Zephyr orbital rocket, which is targeting 2025 for its first test launch.
Nor is this grant the only money the company has raised.
In January, Latitude announced that it had closed its Series B funding round, raising $30 million. In March, the company was one of four companies selected to receive a share of €400 million [$427 million] in subsidies from the French government. This funding is, however, only fully unlocked when the company completes its inaugural flight of Zephyr.
Though Latitude has obtained some private investment capital, it appears it is mostly relying on government funds. Under these conditions, it is unclear whether the rocket startup will be able to compete not only with the other new European rocket startups but with the rest of the world. Government funding is usually not well tied with profit or cost efficiency, and thus the company will have less incentive to develop a competitive rocket.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
https://www.bing.com/videos/riverview/relatedvideo?&q=surprise+surprise+gomer&&mid=8A72832CC88784A5DCD68A72832CC88784A5DCD6&&FORM=VRDGAR
$16 mil’?
That won’t cover French catering