More indications balloon company Space Perspective is about to go bankrupt
New details reported yesterday strongly suggest that the high altitude balloon company Space Perspective has been unable to find new investors and is on the verge of shutting.
In a February 5 email to stakeholders, Interim CEO Michael Savage provided the latest updates, shedding light on failed funding efforts, the company’s dire financial situation, and attempts to restructure its debt. The email also acknowledged the gravity of the challenges ahead, hinting at the possible closure of operations.
Savage’s email outlined efforts to secure funding, including meetings with investors Fortuna and Broadlight, both of whom ultimately declined to proceed. Savage explained that while there was initial interest, the company’s mounting debt and financial instability deterred further investment. “Both [investors] have expressed interest, but despite the current circumstances and since Nov./Dec. 2024, they feel that their LPs would not stomach the numbers,” Savage wrote.
The company has previously announced it was shifting operations out of the Cape Canaveral area to a location 90 miles north where costs were less as it searched for new investors. This new report suggests this move and the search have not worked and the company will soon go out of business.
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
New details reported yesterday strongly suggest that the high altitude balloon company Space Perspective has been unable to find new investors and is on the verge of shutting.
In a February 5 email to stakeholders, Interim CEO Michael Savage provided the latest updates, shedding light on failed funding efforts, the company’s dire financial situation, and attempts to restructure its debt. The email also acknowledged the gravity of the challenges ahead, hinting at the possible closure of operations.
Savage’s email outlined efforts to secure funding, including meetings with investors Fortuna and Broadlight, both of whom ultimately declined to proceed. Savage explained that while there was initial interest, the company’s mounting debt and financial instability deterred further investment. “Both [investors] have expressed interest, but despite the current circumstances and since Nov./Dec. 2024, they feel that their LPs would not stomach the numbers,” Savage wrote.
The company has previously announced it was shifting operations out of the Cape Canaveral area to a location 90 miles north where costs were less as it searched for new investors. This new report suggests this move and the search have not worked and the company will soon go out of business.
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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