XCOR faces bankruptcy and liquidation
Capitalism in space: Unless XCOR can find a new investor in a matter of weeks, the company will face bankruptcy and will be liquidated.
Freedom and competition might bring wealth and innovation, but they also require risk and failure. XCOR sadly appears to be an illustration of this.
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Capitalism in space: Unless XCOR can find a new investor in a matter of weeks, the company will face bankruptcy and will be liquidated.
Freedom and competition might bring wealth and innovation, but they also require risk and failure. XCOR sadly appears to be an illustration of this.
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.
I don’t follow XCOR that closely– what is dragging them under? People, Process, and/or Product?
How many employee’s do they have?
Just speaking in general-
Going bust is always tragic, (individually or otherwise) but is a nescessary aspect of business as a whole.
The upside to bankruptcy; the pain is imposed quickly and contained to the Creditor’s, and all those resources are re-priced in the Market and become available to be re-deployed to their next highest value use.
Wayne: Do a search on BtB for “XCOR”. I cover the company’s fall step-by-step, beginning in October 2014.
Enter “xcor site:behindtheblack.com” into your favorite search engine. That should work.
Too much ambition, too little product, it would seem. Or perhaps eyes too big for their belly. https://www.roadsideamerica.com/story/3087
thanks.
Referencing “emerging new-space,” in general, I’ve often wondered if there are any parallel’s to be drawn from the early emergence of the auto-industry. The initial rise was controlled by a small number of people and stifled/squandered, then there’s an explosion of innovation and production followed by periods of consolidation & concentration. Haven’t formulated all this in my head, just thinking out loud.)
It will be interesting to see all this play out in the grand-scheme. (The Big Old Guys have been scrambling and merging as well.)
Any other space-related companies that are in financial-peril?