Chapter 502 - Acquiring An Aerospace Company (1/2)

Chapter 502: Acquiring An Aerospace Company

Translator: _Min_ Editor: Rundi

The development of the private space industry had context to it It was the failure of the early space shuttles, and the end of the cold war that caused the conclusion of the space race, The store number of iiants never realizing their investnificant hit

After the cut in the 90s, as well as the integration of the aerospace industry, Pratt & Whitney, Boeing, Lockheed Martin’s monopoly of the market were not coan to be half-hearted on co the defense business The price of launches was not only expensive but the RD-180 engine invested by the UA, due to manufacturers reluctance to build a plant, must depend on Russia for production

It was this reason Russia could hold their head high against sanctions They threatened to terminate the cooperation and to “cut the food supply” of the International space Station “Cutting the food supply” has been staged more than once, and time-tested Until the rise of private space companies in recent years, this kind of insatiable threat started to lose its effectiveness

Facts proved that the bureaucratic-led industry had no future, it was also reflected most vividly in the aerospace industry

Take the famous private space company spaceX as an example

Its launch price has been low to a near-absurd point at only a fraction of the cost of the market No country or business in the world could coe nuiants, but not the debt

Speaking of spaceX boss Elon Musk, he was also a legendary figure, but his popularity in Hua was far less than Steve Jobs But if a few pieces of his astonishi+ng feats were mentioned, his name was vivid in people’s memory For example, he and his partner founded PayPal online payment mechanism and by far the most successful way to pay online After acquisition by eBay, he earned his first pot of gold in life

Another example is the most recent year, the ned by him

Not only that, he invited three well-known entrepreneurs to co-found spaceX andpoint Open the era of privatization of space resources, and the destination to Mars”

And the fact proved that in the field of space technology, they were indeed walking in the forefront of the world

Falcon rocket appeared out of nowhere, its trust weight ratio (trust to weight ratio) reached an astounding 1: 150! It replaced Russia’s best score of 1: 120 and became the world’s most advanced rocket What made people more envious was that the rocket not only had a low launch cost, it actually could be reused! The first stage rocket hovered at the height of two hundred e

Finally, its engine was 3D printed

With so ether, its market competitiveness is unparalleled At the same time, its relationshi+p with NASA, the UA Air Force, could almost be described as best friends The pile of orders careat fortune

But it was precisely because of its astounding competitiveness that a lot of small private space companies were forced to the brink of bankruptcy

spaceX almost monopolized the most profitable defense orders, and the launch profits of commercial satellites were compressed to the li Chen ed to use 5 billion USD floor price to buy two space co, enrich the Celestial Trade wholly-owned space science and technology center talent team

Kelvin Burrow, former director and chief technical officer of Mississippi Aerospace Technologies, has a PhD degree at Amber Reid University of Aeronautics and Astronautics and were involved in the early developned to return hoies But it turned out that not all scientists could be great businesspeople like Gates and Jobs After failing to invest, his company owed 500 million USD in debt and wandered on the brink of bankruptcy

Fortunately, Jiang Chen came just in time to “help” as he was able to keep his life’s efforts without selling at a discount

Of course, capital is ruthless The first thing Jiang Chen did after he became chairman was sell most of the company’s assets at a low price At the sainal salary and a work visa to Xin

“Do you knohat you did? These assets are worth at least 200 million USD! And you sold it at a 50 discount toinChen and coh in his sleep, allow me to be honest, spaceX won’t care about your equip Chen used a leisure tone and opened the car door for him

“What do you mean?” The honest Kelvin immediately frowned