Space Industrialist, entrepreneur, engineer and “near-futurist” focused on the economic development of space. Motto: Stop reading about it and start doing it!
Dec 14, 2021 • 6 tweets • 2 min read
A blunt take on space-related SPAC-funded companies, by Adam Spice, CFO @RocketLab
"I think this party is going to end very badly for a number of companies."
"A lot of companies are going to be trading for under cash value."
"It just doesn't strike me as common-sensical, where companies that struggled so hard, and in some cases, were on the brink of going under, now all of a sudden had access to hundreds of millions of dollars and billion dollar valuations."
Dec 2, 2021 • 27 tweets • 8 min read
Space Crowdfunding takes off?
I saw the headline in my daily email from @SpaceNews_Inc I added the "?"
Personally, I think crowdfunding currently is a terrible way to raise money for your space startup, and at best, and it's an option of last resort.
🧵 begin(rant) Here's why.
First, the space crowdfunding (partial) list via @spacereportr from @SpaceNews_Inc
Re: #TaxTheRich, what happens if an executive and large shareholder of a publicly traded company sells stock in order to invest in another company? Capital gains tax is paid, yes? Also a portion to payroll taxes for the company/employees. Know a good writeup? Asking for a friend.
There's the concept of a Luxury tax, but then also there's this: americanexperiment.org/congress-passe…