Specter of capacity shortfall looms as Sea Launch files for Chapter 11. France makes new pitch for Ariane 6.
The threatened disappearance of Boeing-led Sea Launch has the space sector, already under pressure from booming satellite demand, scurrying for fallback solutions. Mounting losses and debt last week forced Sea Launch—which accounts for about 15% of commercial spaceflights, behind Arianespace and International Launch Services—to file for protection from creditors. The move came after the company failed to secure $250 million in refinancing and talks faltered with Hughes Network Systems to ...
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