Space/Science — HabitableZone

Space/Science » in reply to Well well well...Kistler Aerospace has hit the jackpot; go to www.space.com to read the latest.

The "Jackpot" Doesn't Even Pay Off It's Debt

NASA Contract Could Jumpstart Rocket Start Up

"The company also filed last summer to re-organize its finances under Chapter 11 of the U.S. Bankruptcy Code. The filing listed claims against Kistler totaling $604.3 million, including $99 million owed to Aerojet, the Sacramento, Calif.-based propulsion company supplying Russian-designed engines for the K-1."

Let's hope they can emerge from bankruptcy to accomplish this mission and start making money. It's a risky business folks. There is no certainty that private space initiatives will ever succeed. It may take a government sponsored tecchnological advance similar to the original space program and military aircraft development.

Regards,
Mark

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