Private lunar lander company files for bankruptcy


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Capitalism in space: Former Google Lunar X-Prize competitor Part Time Scientists has now filed for bankruptcy.

The company, with about 60 employees, has emphasized a number of partnerships with major corporations, such as Audi, Vodafone and Red Bull Media House, a subsidiary of beverage company Red Bull. The company is also teamed with ArianeGroup to study development of a lunar lander mission for ESA.

PTScientists, though, had suffered delays in the development of its lunar lander. The company said last November its lander could launch as soon as late 2019, a date it revised in January to no earlier than the first quarter of 2020. However, at a conference in early June, a company official said that lander mission would now launch no earlier than the second half of 2021 as it continues to work on the lander’s design.

It appears to me that they simply were never able to raise the capital necessary to build their lander, despite these partnership deals.

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