SAS 0.00% 1.6¢ sky and space company ltd

Ann: Trading Halt, page-174

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  1. 16,499 Posts.
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    Satellite 2017 delivered a warning regarding a bubble in satellite and launch markets , considering the capital required by SAS to put out 200 satellites and its low cash levels its a risk they might not get the funding going forward . Actually with the 2 customers they have so far nothing is of a commercial contract yet.

    "Space startup companies seeking to raise money may face problems in the years ahead, particularly in satellite and launch markets where there are already a large number of ventures, investors and analysts warned."  - See more at: http://spacenews.com/space-startups-risk-a-bursting-investment-bubble/#sthash.aKHPnNy2.dpuf
 
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Currently unlisted public company.

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