War between two Spanish space balloon companies
Capitalism in space: A legal battle is developing between two different Spanish high altitude space balloon companies, one that came first, and a second that is being backed by a venture capitalist who had previously worked at the first.
Jose Mariano Lopez Urdiales, an MIT-trained aeronautics engineer who founded Zero 2 Infinity 11 years ago, says Kemel Kharbachi, the now CEO of EOS X Space, worked closely with the company to raise a €1m investment for Zero 2 Infinity. But the funding deal never happened.
Instead, Kharbachi, whose previous experience has focused on tourism and catering, has emerged to build his own rival space balloon business.
It does appear, from the details outlined in the article, that Kharbachi essentially stole the concept and designs from Zero 2 Infinity in order to form his own company.
As these Spanish companies fight it out, a third company in America, Space Perspectives, hopes to begin flying tourists on its stratospheric balloon, dubbed Neptune, by ’24.
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Capitalism in space: A legal battle is developing between two different Spanish high altitude space balloon companies, one that came first, and a second that is being backed by a venture capitalist who had previously worked at the first.
Jose Mariano Lopez Urdiales, an MIT-trained aeronautics engineer who founded Zero 2 Infinity 11 years ago, says Kemel Kharbachi, the now CEO of EOS X Space, worked closely with the company to raise a €1m investment for Zero 2 Infinity. But the funding deal never happened.
Instead, Kharbachi, whose previous experience has focused on tourism and catering, has emerged to build his own rival space balloon business.
It does appear, from the details outlined in the article, that Kharbachi essentially stole the concept and designs from Zero 2 Infinity in order to form his own company.
As these Spanish companies fight it out, a third company in America, Space Perspectives, hopes to begin flying tourists on its stratospheric balloon, dubbed Neptune, by ’24.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
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