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The economics of launcher production are starting to look much like those of airliners, a big up front cost to design and certify the production facilities and the actual product, hopefully followed by many years of increasingly profitable operations. CAS Space is replicating the business structure of the early Boeing Company, which also built and operated its own vehicles to provide air service.

Funding this type of effort is challenging for a commercial entity, but CAS Space benefits both from a very compressed schedule, which minimizes the cumulating interest costs accrued, along with supportive government policy which eases credit availability.

The supportive financial environment will need to remain for some years, as the announced business plans do not include a reusable vehicle other than as a future prospect. That seems to lag the competition, both from domestic as well as international suppliers. It is striking that CAS Space has the confidence to provide this conservative a roadmap in face of what appears to be serious competion.

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