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Old 11-14-2017, 07:12 PM   #16
RGClark
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Not good news:

ARCA Space CEO Arrested on Charges of Embezzlement, Fraud.
November 13, 2017 Doug Messier News
http://www.parabolicarc.com/2017/11/...zlement-fraud/

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Old 11-14-2017, 08:00 PM   #17
Urwumpe
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Well...

Could he escape from jail by using a reusable SSTO?
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Old 11-14-2017, 09:15 PM   #18
RisingFury
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Talk is cheap, hardware is not.
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Old 11-20-2017, 02:26 AM   #19
boogabooga
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I'm not terribly surprised.

This is something that I have in the back of my head for all the space start-ups that have more power point slides than hardware. I'm not sure where the line is between fraud and just being overly ambitious. Even if it starts out innocently enough, perhaps you reach a point where the ship is sinking and your investors...er...do not feel that you adequately explained the risks.
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Old 11-20-2017, 10:30 AM   #20
Urwumpe
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Quote:
Originally Posted by boogabooga View Post
 I'm not terribly surprised.

This is something that I have in the back of my head for all the space start-ups that have more power point slides than hardware. I'm not sure where the line is between fraud and just being overly ambitious. Even if it starts out innocently enough, perhaps you reach a point where the ship is sinking and your investors...er...do not feel that you adequately explained the risks.
Also, most startups simply fail and go bankrupt. It is not like this is easier in space, just because the government is more likely to bail you out...
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