Comment on After Astra loses 99 percent of its value, founders take rocket firm private
just_another_person@lemmy.world 6 months ago
They’ve only successfully launched TWO rockets in 6 years? I can see why there is little confidence in the stock.
TimeSquirrel@kbin.social 6 months ago
Space is hard.
just_another_person@lemmy.world 6 months ago
It’s literal rocket science, so of course it’s difficult, I’m just astonished they were able to go public with nearly zero real-world results. That’s like getting a business loan for a sector you have zero experience in. Just shocking is all.
applebusch@lemmy.world 6 months ago
They didn’t have zero experience. There were two full rocket designs that were built and flown before rocket 3, hence why it was called rocket 3. It also achieved orbit successfully two times, which only a limited number of companies have ever achieved.