The Milwaukee Journal Sentinel has an account of George French’s odyssey from billboard king to bankrupt NewSpace entrepreneur. His Rocketplane Global and Rocketplane Kistler ventures were once in prime positions to capture large shares of both the suborbital space tourism market and commercial cargo delivery to the International Space Station. And yet both efforts collapsed amid funding woes, multiple bankruptcy filings, and a flood of lawsuits from unpaid employees and vendors.
For NewSpace advocates, this is a sad story. But, it’s really not unusual. A vast majority of start ups fail, for a whole host of reasons ranging from mismanagement to simply bad timing. Rocketplane is certainly not the first — nor will it be the last — NewSpace company to fail.