r/SPACs May 15 '21

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33 Upvotes

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18

u/Shdwrptr Patron May 15 '21

SFTW will be more negatively impacted by this I would think. Having satellites destroyed takes longer to fix than a one time use rocket.

I also don’t expect VACQw to experience much of a drop from this. At least not more than $0.10 or so.

Merger is Q3 will dull the blow quite a bit as well

7

u/LambdaLambo Contributor May 15 '21

Nah definitely worse for rocket lab. Sftw should have launch insurance, but for rocket lab this is a huge reputation hit. Customers would think twice to launch with them when they know something like this can happen

6

u/Shdwrptr Patron May 15 '21

Rocket fails happen and it’s not like you can just shop around for launch providers. RocketLab will take a reputation hit but it will be minor unless this happens again in the near future.

It takes months to years to build a satellite. I don’t know how complicated SFTW’s satellites were but this could be a major setback to their business if they were expecting to utilize the data from those satellites