Space Perspective needs new investors
According to this news article today, the high altitude balloon company Space Perspective is in need of new investment capital, and its apparent lease default in the Cape Canaveral area is because the company has apparently shifted operations about ninety miles south because costs there are lower.
Space Perspective co-founder Jane Poynter told OBJ in a Zoom interview in December that although Port Canaveral “is our home port” and “we’re very committed to the community we work in” the company had been operating out of Fort Pierce, nearly 90 miles south, for several months. “They are having to struggle with how they balance what’s happening with the cruise industry and space industry growing like gangbusters,” she said of the Space Coast. “It’s so congested that we can’t actually stay there.”
While the company claims it is still moving forward, it has had to lay off most of its staff as it tries to find more investment capital. While it also claims it will return to full staffing when that investment arrives, the question is whether it will arrive. At this moment the default of $90,295 in rent to Titusville-Cocoa Airport Authority is not a good look at all.
According to this news article today, the high altitude balloon company Space Perspective is in need of new investment capital, and its apparent lease default in the Cape Canaveral area is because the company has apparently shifted operations about ninety miles south because costs there are lower.
Space Perspective co-founder Jane Poynter told OBJ in a Zoom interview in December that although Port Canaveral “is our home port” and “we’re very committed to the community we work in” the company had been operating out of Fort Pierce, nearly 90 miles south, for several months. “They are having to struggle with how they balance what’s happening with the cruise industry and space industry growing like gangbusters,” she said of the Space Coast. “It’s so congested that we can’t actually stay there.”
While the company claims it is still moving forward, it has had to lay off most of its staff as it tries to find more investment capital. While it also claims it will return to full staffing when that investment arrives, the question is whether it will arrive. At this moment the default of $90,295 in rent to Titusville-Cocoa Airport Authority is not a good look at all.