Retailers often blame “the weather” for missing financial targets. The next round of explanations will be “Covid-19.” Justifiably, in many cases, as governments have essentially put them out of business for a period of time yet to be determined.
Not all business failures or shortcomings actually will have direct connection to the pandemic, though. OneWeb, which has declared bankruptcy, says Covid-19 prevented it from getting its next round of financing. I am not sure how many people really believe that.
Low earth orbit constellations have no track record of successful and sustainable initial deployment. Literally 100 percent of early LEO ventures have eventually declared bankruptcy or failed to launch. OneWeb is the first of the current generation to fall.
Amazon’s Project Kuiper and SpaceX arguably have deeper pockets, and that is what is needed. Very deep pockets.
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