Troy:
Neither SoaceX nor Blue Origin have ever generated an annual profit.
Mr. Bezos is clear that he does not expect a return on his investment; Mr.
Musk has relied on the pumping of valuations caused by quantitative easing
to create wealth to date; Mr. Branson’s investors are calculably underwater.
The seeking of a return on investment has not been playing lately in space
investment....
Bill
On Wed, Feb 14, 2018 at 7:41 PM Troy Prideaux <troy@xxxxxxxxxxxxxxxxxxxxx>
wrote:
pockets
Markets for lower-cost transportation can be forced, if you have deep
(or some other way to stay solvent) to survive a few years of lag whilethe
market catches up to your newly available lower-cost capability.
Don't forget though (with regards to investment) that capital has a cost
and that cost needs to be serviced. What's more, higher risk generally
requires a forecasting of higher returns for an investment to make prudent
sense. So there are very real constraints on how much someone can force
"lower-cost" transportation without some radical advancement in technology
or business operation efficiency, unless that someone is willing to donate
some capital to the cause.
Troy