Rocket startup ABL lays off a significant number of staffAs a result of a launchpad fire that destroyed its rocket — just before it was going to make the second attempt to achieve orbit — rocket startup ABL has now laid off a significant but unstated number of staff in order to save money.
In a post on LinkedIn Aug. 30, Harry O’Hanley, chief executive of ABL, said the company was laying off an unspecified number of people. He included the email he sent to company staff after an all-hands meeting to discuss the layoffs.
In 2021 the company had raised almost $400 million in private investment capital, but it is possible that the loss of its first two rockets, one mere seconds after launch and the second before the launch could even occur, has possibly caused some investors to pull their money from the company. It is also possible those investors also recognized that the increased red tape imposed on all rocket companies since the FAA instituted its new “streamlined” Part 450 regulatory rules in 2021 was likely going to delay the next ABL launch attempt so much it made investments in the company no longer viable.
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 print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit.
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
As a result of a launchpad fire that destroyed its rocket — just before it was going to make the second attempt to achieve orbit — rocket startup ABL has now laid off a significant but unstated number of staff in order to save money.
In a post on LinkedIn Aug. 30, Harry O’Hanley, chief executive of ABL, said the company was laying off an unspecified number of people. He included the email he sent to company staff after an all-hands meeting to discuss the layoffs.
In 2021 the company had raised almost $400 million in private investment capital, but it is possible that the loss of its first two rockets, one mere seconds after launch and the second before the launch could even occur, has possibly caused some investors to pull their money from the company. It is also possible those investors also recognized that the increased red tape imposed on all rocket companies since the FAA instituted its new “streamlined” Part 450 regulatory rules in 2021 was likely going to delay the next ABL launch attempt so much it made investments in the company no longer viable.
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 print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit. 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
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