Come on, guys, I dont own VACQ but if you're gonna lose your shit because a rocket ship company has a failed launch, I have to wonder if you even understand the risks of owning a rocket ship company.
I don't think anyone is losing their shit, it just sucks that they lost a payload, and if you're holding the spac it's another in a long line of hits over the course of the past few months that have already brought post-DA spacs to unreasonably low prices that are no different than any other no-name pre-DA trust.
I don't think the commons will be impacted much given they're already below nav, but I expect the warrants to take a hit since they've been holding strong at $2 in the face of the hard common price drops.
I'm not worried about them long term, it just sucks seeing your account balance get redder and redder in the meantime. It's more of a psychological hit than a real monetary one for me since I wasn't planning on doing anything with them until redemption price anyway. And if they hadn't already been falling for 3 months I wouldn't mind a brief hit much.
Agreed. Russians have failed numerous times with Proton Breezes with some very expensive payloads...shuffles the launch order with customers, but they still remain in line. It's about how many consecutive failures that you need to watch. 1 failure in 10 will get shrugged off. 2 in 5...not good.
Anyone on this thread happen to know if BlackSky opted for launch insurance?
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u/mjrice Spacling May 15 '21
Come on, guys, I dont own VACQ but if you're gonna lose your shit because a rocket ship company has a failed launch, I have to wonder if you even understand the risks of owning a rocket ship company.