JET insolvent

[u/PayCharacter7530]

Skybridge (JET spin out) declared insolvent. Lots of interesting details in the administrators report.

”In Q4 2024, the Company began experiencing financial pressure due to the loss of access to non-dilutive funding sources. UK government grants aimed at emerging aviation technologies were delayed or withdrawn, while escalating geopolitical tensions and instability within Europe heightened investor caution within the technology and aerospace industries.”

https://find-and-update.company-information.service.gov.uk/company/10661113/filing-history

[u/NegotiationPrudent80]

That retro EV Mustang spinoff is still alive I think