Capitalism in space: Faced with a lawsuit from the Federal Trade Commission (FTC) opposing the merger, Lockheed Martin yesterday announced that it is terminating its effort to buy Aerojet Rocketdyne.
Aerojet released a press release at the same time, insisting that the company remains viable and healthy, but there are doubts. While its rocket engines (its main business) remain technically reliable and well-built, they are relatively expensive. Moreover, the shift by rocket companies to build their own engines in the last decade has reduced its customer base significantly.
This loss of market is now compounded by a battle between two factions on the company’s board of directors.
While monopolies do not encourage competition, the merger with Lockheed Martin would have been mostly good for the rocket industry. It would have quickly given Lockheed Martin the skills to make rockets, and kept Aerojet Rocketdyne alive, albeit as part of another company. Now the latter faces extinction, and the former will need more time to develop the capabilities required in its recently-won NASA contract to launch a rocket from Mars to return samples.
And once again, the FTC lawsuit indicates that the Biden administration has decided to take a heavy-regulatory hand when it comes to business. The result however of this approach in this case has not produced more competition, but the likely bankruptcy of at least one company.
From the press release: In this ground-breaking new history of early America, historian Robert Zimmerman not only exposes the lie behind The New York Times 1619 Project that falsely claims slavery is central to the history of the United States, he also provides profound lessons about the nature of human societies, lessons important for Americans today as well as for all future settlers on Mars and elsewhere in space.
Conscious Choice: The origins of slavery in America and why it matters today and for our future in outer space
, is a riveting page-turning story that documents how slavery slowly became pervasive in the southern British colonies of North America, colonies founded by a people and culture that not only did not allow slavery but in every way were hostile to the practice.
does more however. In telling the tragic history of the Virginia colony and the rise of slavery there, Zimmerman lays out the proper path for creating healthy societies in places like the Moon and Mars.
“Zimmerman’s ground-breaking history provides every future generation the basic framework for establishing new societies on other worlds. We would be wise to heed what he says.” —Robert Zubrin, founder of founder of the Mars Society.
Available everywhere for $3.99 (before discount) at Amazon, Barnes & Noble, and all ebook vendors, or direct from the ebook publisher, ebookit. And if you buy it from ebookit you don't support the big tech companies and I get a bigger cut much sooner.