Lunar lander company PTScientists purchased


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Capitalism in space: The private commercial lunar lander company PTScientists has been purchased by an unknown investor, thereby avoid liquidation after declaring bankruptcy in July.

Berlin-based PTScientists and the law firm Görg, which handled the company’s bankruptcy administration, announced the acquisition in a German-language statement published Sept. 2. The announcement said neither the company buying PTScientists nor the purchase price would be disclosed, but that the deal was effective Sept. 1.

The acquisition, the announcement stated, allows PTScientists to retain its staff of about 60 people who had been working on lunar lander concepts, including a study for the European Space Agency of a mission to send a lander to the moon to perform experiments for in-situ resource utilization. ESA awarded that study to a team that included PTScientists as well as launch vehicle company ArianeGroup in January.

It seems that someone decided that this company was worth saving, and that it (and the private construction of private planetary missions) has the potential to make them money in time.

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