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21/05/19
12:44
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Originally posted by aniesbaswedan:
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Yep, that still rings absolutely true. I said there is no way that any bank is going to give any significant amount of loan to SAS. This announcement: No bank. Actually I tried to look up telefox and couldn’t find any trace of its existence. No loan. It is a convertible bond with 2 percent interest PER MONTH. People were aggrandising how the company has no debt, well it does now and this is the stuff that I believe would pull the company into VA quicker. So in my view there isn’t any good news, in fact I think it is terrible news. Also I do not think people ever tried to calculate mathematically as to how much money SAS would actually need. Based of my calculation, the amount is actually gargantuan beyond what people here seem to be capable of figuring out. This is not taking into account that the cubesats may never be commercially viable in the first place. The KEY HERE IS THAT THE CONSTELLATION NEED TO COMMERCIALLY PRODUCTIVE AND VIABLE. So not just launch for the sake of launch... The amount needed is not just 1 million here, 1 million there, a launch here whenever and another whenever. You can’t do it like that because the cubesats have very limited operational life. It is especially true considering that the design was downgraded from 8U to 6U size. From memory, each cubesats have around 5 years operational life. Each cubesats deployer can hold 16 cubesats each. Now, by my calculation, for a constellation of 200+ cubesats, SAS would need to launch around 50 or more PER YEAR. For 1000 total then SAS would need to launch hundreds or more PER YEAR. Each cubesats cost around 770k to 1 million based of the contract figure signed with gommspace. So hundreds of millions just to build and then... Considering the constraints of the D-orbit deployer and the payload for the launcher rockets then that means multiple launches a year are needed, probably well over 20 launches a year. So by virgin orbit cost, around hundreds of millions for launches.... Then you are going to need ground stations... Terminals... End user devices... I don’t know based of what fundamentals you guys are forming your ideas on this company but based of my logic, it is mathematically impossible for SAS to pull this off.
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It's a convertible loan from a financial institution. And it's a chance. I'm happy with that. Let's hold on tight and see what happens next cause it looks like it's going to be an interesting ride.