- cross-posted to:
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- cross-posted to:
- [email protected]
Hey, smart move, abandoning the stupid concept that doesn’t work!
A hard pivot would have been going into food blenders. A launch company going into satellites seems more like just following the money.
Oh, definitely. It sounds like the CEO is pretty up front about that:
“The launch market is relatively small compared to the economic potential of satellite communication,” Wrenn said. “Launch has generally been more of a cost center than a profit center. Satcom will be a much larger piece of the overall industry.”
A hard pivot would have been going into food blenders.
Hey, at least blenders also spin. I suspect the choice of the word “pivot” was not an accidental one by Berger :)
They wouldn’t have gotten the same investor money if they started with this concept, though. They got money to be SpinLaunch, so this is a pivot and a bit of a bait and switch for investors. Kind of like Relativity getting a $billion+ in investments for 3d printed rockets, then turning into Ariane.