Ann: GomSpace and SAS - New Procurement Agreement, page-43

On the money, they'll end up needing $150m - $200m to get all the nano-sats up. They aren't doing that with equity sales on the exchange to the general public. That much cash for a company like this either comes from a big buy-in or a financed arrangement.

They burned about $2.5m this last quarter, which sets a pace for about 8 more months of operations on current cash. Of course, if they string it out that long then they won't have enough money to get gomspace building equipment. So they need to have at least $20m or so more in their pocket (or a line of credit or whatever) for gomspace to get to work. Plus some cash to pay for launches, related equipment, whatever (assuming the $7m they have on hand now can be used to cover current operating expenses that keep on keeping on).

So, assuming it will take about 6 months (a number that comes to mind but I couldn't find a document to confirm it) to build the pearls (procurement, assembly, testing, there's a bit of work I imagine), plus you have to arrange launches, test delivery mechanisms, loading, procedures, etc (maybe another three months?) then you would want the whole thing to kick off in January, giving a little time for slippage in calendar 2018. Meaning they would want funding arrangements all worked out this calendar year, by Feb at the latest.

I imagine further funding from whatever partner they have lined up will be dependent on the success of the 2018 work.

I guess that means we don't have long to wait to see if they can succeed. I reckon they've got a good shot. I'm barracking for them.