I’ll correct that post slightly they have more than 1.4 mill they managed to save about 1.7 mill in CR so they had total of about s $3.1 mill
They needed around 7 mill to have enough to get started but that will result in them trying to find more funds closer to the end of the year I presume.
So in that all they need is 4 mil.
But if they do not want to try raise funds later this year again and have enough money till launch and potential revenue.
They will need another
11.5 mill on top of the 3 mill they have now.
6 mill operational cost
8.5 mill Gomspace payment for 8 6U pearls
Then they need launch cost on top
SAS Price at posting:
2.8¢ Sentiment: Hold Disclosure: Held
